XRP Price Crash Causes 1000% Liquidation Imbalance, Is Bullish Recovery to $3 Next?

Quick Summary:

Ripple (XRP) price slipped from a daily high of $2.24 to a daily low of $2.13 on May 1, as traders reacted to news around the failed acquisition of USDC stablecoin issuer Circle.

This dip triggered a liquidation imbalance, as some traders with open long positions were forcefully closed, causing a surge in sell-side pressure.

However, short-term fluctuations may impact liquidations, and considering the high leverage towards Ripple, a slight dip could spark a cascade of long liquidations and push the altcoin lower.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: muthoni

Category: Crypto

Markets: India

Topics: Ripple Price Analysis XRP

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-01 @ 12:25:43 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 563 words

Reading Time: 4 minutes read

Sentences: 44 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 28309426

View Article Analysis

About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 32 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

Frequently Asked Questions