XRP (Ripple) Gets Hammered in 846% Liquidation Spike During Hourly Chaos

XRP just got absolutely crushed with an insane 846% liquidation spike in a single hour. Traders got wiped out as the crypto market turned into a complete bloodbath.

XRP (Ripple) Liquidations Go Absolutely Nuts

Holy smokes - XRP just experienced one hell of a liquidation event. In just one hour, liquidations spiked by a jaw-dropping 846%, and short positions got absolutely demolished. The futures market went completely bonkers with long bets getting wiped out left and right as XRP's price took a quick dive before bouncing back up.

CoinGlass data shows the carnage was real - over $783,000 in long liquidations versus just $93,000 in shorts, all happening within 60 minutes. This wasn't your typical market dip, this was a complete wipeout. The crazy surge in leveraged positions followed by that sudden reversal screams bot manipulation or some serious stop hunting going on when liquidity was thin.

XRP (Ripple) Price Action Was All Over the Map

XRP's price was jumping around like crazy during this mess. Looking at the 15-minute charts, you could see the token drop to $2.2885 before shooting right back above $2.295. It was chaotic but not totally random - someone was clearly playing games with the price action.

The Bigger Picture for XRP Trading

When you zoom out, XRP's total 24-hour liquidations hit $2.49 million, while shorts came in just under $4.29 million. Long traders definitely took the worst beating during this hourly massacre.

The timing couldn't have been worse either. The U.S. just dropped some surprising job numbers - the June report came in way better than expected, which basically killed any hopes of Fed rate cuts anytime soon. That spooked investors big time, and XRP holders felt the pain immediately. When macro news hits like that, leveraged crypto positions become sitting ducks for this kind of liquidation chaos.