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XRP triggers $2M short squeeze amid 851% liquidation imbalance before key US crypto vote

Market News
15 Sep 2026
UToday
View Source
Bullish
XRP triggers $2M short squeeze amid 851% liquidation imbalance before key US crypto vote

XRP experienced a $2 million short squeeze triggered by an 851% liquidation imbalance in its derivatives market, forcing bears to close positions rapidly. This occurred ahead of significant US events including the Senate vote on the CLARITY Act and a Federal Reserve interest rate meeting. Despite aggressive shorting attempts, XRP held strong support, fueled by institutional inflows and a record number of unique addresses on its ledger. The squeeze pushed XRP prices from around $1.38 to a local peak of $1.44, highlighting risks for bearish bets amid steady institutional accumulation and upcoming macroeconomic decisions.

XRP trades at Rp24,571 on Pluang as of Sep 15, 2026 23:22 WIB, showing a 0.82% decline in the last day. The market cap stands at Rp1.556,61 trillion with a 24-hour volume of Rp87,08 trillion. Buy orders dominate at 66%, and typical hold time is 71 days, indicating steady investor interest despite recent volatility.

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