Amr Taha
Binance Leads XRP Liquidation Storm as Both Longs and Shorts Get Hit
📰 Daily Market Update XRP’s derivatives market just went through a double liquidation storm — first the shorts, then the longs. 📊 XRP Exchange Liquidation Metrics The XRP Exchange Liquidation Metrics chart covers the period from December 31 to January 7, showing: * Total long liquidations * Total short liquidations * Binance-specific liquidation data * Net liquidation flow 🔬 Major Liquidation Events January 5: 💥 A large short liquidation event took place, exceeding $4.4M in total. Binance alone accounted for around $3.09M, confirming that most short sellers were positioned on Binance derivatives. January 6: 💥 Shortly after, price pulled back slightly from the $2.40 area, but the market didn’t stop there. A second major liquidation wave followed — this time against longs. 💥 $4M in long liquidations, including $1M on Binance. 💥 This was followed by another liquidation spike of about $1.5M This sequence clearly shows the market sweeping liquidity on both sides, trapping over-leveraged traders who chased the move too late. 🗺️ XRP Liquidation Heatmap (15m & 1H) The liquidation heatmaps on both 15-minute and 1-hour timeframes show a very important structure: * Almost all short liquidation clusters were cleared first * After that, price began to move against long positions So while the short squeeze is done, the market may now be testing long holders. 🧠 Final Thoughts: * Binance continues to dominate XRP derivatives — both in volume and liquidation impact * These liquidation waves often fuel aggressive price reversals, especially when both sides get trapped