XRP long traders might witness harsh liquidations as prices continue to decline amid a general $358 million loss on the market. CoinGlass data shows that in the last 24 hours, total liquidation of the crypto market amounts to $358 million as prices continue to experience volatility.
XRP price weakness undermines bullish structure
Notably, XRP traders who bet on the asset’s potential rise could suffer massive losses. Already, in the period under consideration, XRP long-position traders have lost $4.44 million. The total liquidation for XRP stood at $6.06 million as short position traders recorded a wipe-off worth $1.62 million.
Long traders are likely to continue on this trajectory as the price outlook of XRP has not found stability on…
