XRP Hit by 342.9% Liquidation Imbalance as Downtrend Persists

XRP has faced a difficult trading session, posting a sharp 342.9% liquidation imbalance over the past 24 hours, highlighting heavy losses on the bullish side. According to data from CoinGlass, roughly $2 million in positions were liquidated, with long positions accounting for the vast majority at $1.62 million, compared with just $365,680 in short liquidations.

This development comes as XRP’s price continues to trend lower, running counter to expectations of a short-term rebound. The pronounced imbalance between long and short liquidations suggests that bullish sentiment has been severely tested, as downside pressure has persisted longer than many traders anticipated.

Looking at the broader picture, XRP now appears at risk of closing 2025 in negative territory. The asset has failed to hold on to the positive price levels reached mid-year and has remained under sustained corrective pressure through much of the third quarter. Year to date, XRP is down about 11.3%, sliding from a yearly high of $3.65 to recent lows near $1.65.

Meanwhile, XRP-related ETFs have also shown signs of slowing momentum, with no inflows recorded in the most recent trading session, adding to concerns over the token’s near-term recovery prospects.