XRP Has 5.6 Times More Long Liquidations at Risk Below Spot as $1.19 Comes Into Focus
Photo: The Crypto Basic
XRP remains heavily exposed to downside liquidations, with substantially more leveraged longs positioned below the market than shorts sitting above it. At the Nov. 6, 04:46 UTC snapshot, XRP traded at $1.2047, while a five-exchange liquidation model covering Binance, Bybit, OKX, Gate and Hyperliquid estimated $123.4 million in long-liquidation exposure within 5% below price. By comparison, modeled short-liquidation exposure within 5% above XRP stood at only $22.1 million. That leaves approximately 5.6 times more leveraged long exposure below spot than short exposure above, based on our calculation.
Source: The Crypto Basic
