Wait, No Short Liquidations for XRP? You Won’t Believe This Drama!

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Well, buckle up, folks! XRP has thrown the traders for a loop as those betting against the asset—let’s call them the “Skeptics of Ripple“—were left high and dry with zero short liquidations in the last hour. That’s right, not a single soul went “liquidation station!” Meanwhile, it’s the optimistic folks who are feeling the burn! 🔥

Major Wiggle in XRP Liquidations

Let’s talk numbers, because who doesn’t love a good financial drama? Long position traders got slapped hard, losing a whopping $651,250! It’s like watching your favorite character in an action movie get tossed out of a window—suspenseful, shocking, yet somehow incredibly satisfying. 💰💣

XRP has been doing cha-cha around the $3.06 to $3.17 range, while Bitcoin—the diva of the crypto scene—grabs the spotlight with its growing dominance! Seriously, it’s like Bitcoin went to one of those fancy cocktail parties, and XRP is left at the kiddie table. 🍸

As we hit the refresh button, XRP is trading at $3.11. That’s a sad little 1.06% tumble, like my hopes during the last season of *Game of Thrones*. Investors are hitting the brakes TOO, as trading volume plummets by 18.82% to just $5.72 billion. I mean, who wouldn’t want to take a break from the chaos? 😩

The drop in volume could be thanks to some major profit-taking after that impressive 40% surge in July. It’s like everyone suddenly realized they should’ve cashed in before the “Let’s panic!” bandwagon rolled into town. 🚀💸

With Bitcoin taking home the crypto crown with a dominance of 60.83%, altcoins like good ol’ XRP are finding themselves in a bit of a pickle. They might need to huddle together and wish really hard to defend that $3.00 support level like a high school play defending its snack bar! 🥳

What is UP with XRP’s Price Action?

XRP’s price movement has become a little quirky—think less structured rhumba, more impromptu interpretive dance night at your local coffee shop. This sudden shift is giving market participants some serious “What the heck is going on?” vibes. 🤔💃

Meanwhile, in the magical world of crypto, Coinbase is cooking up a little something—new XRP products! Introducing the “nano perpetual-style futures” on August 18, riding in on a unicorn alongside a similar deal for Solana. 🦄

These futures are looking snazzy with lower capital requirements and no monthly expiration. So cozy! Much better than your average “I might get liquidated” futures. Coinbase has been on a roll with these nano products, already serving up tiny futures for Bitcoin and Ether. Can’t wait to see how this plays out! 🎉

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2025-07-30 15:31