XRP Short Liquidations Exceed Longs by 28% in Derivatives Market

XRP's derivatives market saw short-position liquidations amounting to $2.02 million (approximately KRW 27 billion) within an hour, surpassing long-position liquidations of $1.58 million (around KRW 21 billion). The difference between the two figures totals $440,000 (about KRW 6 billion), with short liquidations being approximately 28% higher than longs and representing about 128% of the long liquidation value.

Short positions bet on price declines; if prices rise, losses increase, potentially triggering margin calls. Short liquidations often involve market buy orders, which can create temporary upward pressure. However, one-hour data alone is insufficient to determine a trend reversal. U.Today cited CoinGlass data showing XRP rebounding from $1.38–$1.39 to $1.44 after encountering buying walls.

The reported 851% imbalance appears inconsistent with the provided figures, as the actual difference aligns with a 28% gap rather than 851%. Market context included U.S. XRP spot ETF inflows totaling $171.2 million (approximately KRW 230.5 billion) in cumulative net inflows and $157.6 million (around KRW 212.2 billion) in assets under management, per SoSoValue data.

U.S. Federal Reserve FOMC meetings on May 15–16 and the Senate's Clarity Act vote on May 15 were mentioned as contextual factors but not directly linked to XRP price or liquidation trends. Analysts emphasized that derivatives liquidations reflect short-term position adjustments, not long-term market direction.