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Man, XRP is taking a heavy hit today. Longs lost over 3 million in liquidations in the last 24 hours while the entire market loses around 285 million. The imbalance reached 537% - basically, the guys betting on a rise were crushed.
The token was at $1.31 yesterday but is now at $1.41 with a 0.84% drop in 24h. Many people expected a stronger recovery up to $1.50, but the price got stuck between $1.32 and $1.28 and triggered forced exits. Volume jumped significantly to (2 billion), showing that interest continues, but the price action confirms nothing new.
XRP started 2026 very weak - down 27.1% in Q1, the worst quarter since 2018. Now technical analysis shows a 41% risk of decline against Bitcoin if the pressure continues. Some traders are still holding because historically April has been strong for XRP, but the current situation doesn’t inspire much confidence. The pressure remains heavy.