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XRP plunges to $1.22 after $18M liquidation cascade reveals massive 1,614% margin imbalance.

Market News
03 Jun 2026
The Currency Analytics
View Source
Bearish
pluang ai news

XRP's price dropped sharply to $1.22 following an $18 million liquidation cascade triggered by a massive 1,614% margin imbalance between long and short positions. This extreme imbalance caused rapid selling pressure, catching many traders off guard and increasing market volatility. Traders are now closely watching the $0.95 level as a potential support floor, which could either stabilize the price or lead to further declines if breached. The event highlights the risks of leveraged trading in crypto and suggests more volatility may follow if the market remains unstable.

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