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XRP liquidation imbalance spikes 1,278% as short sellers face heavy losses amid price rebound.

Market News
08 Apr 2026
UToday
View Source
Bullish
pluang ai news

XRP experienced a massive 1,278% increase in liquidation imbalance as short sellers suffered losses totaling $2.63 million during a price rebound of over 4%. The price rose from $1.30 to $1.39 within 24 hours, driven by broader crypto market recovery and institutional interest, including a $119.6 million inflow into XRP ETFs. Despite bullish momentum, traders remain cautious around the $1.40-$1.42 resistance zone, with potential for either further gains or a retest of $1.30 support. Ripple's optimistic projection of $33 trillion in on-chain stablecoin volume by 2026 and strong institutional demand are fueling positive sentiment.

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