XRP Experiences Mild Rebound and Significant Short Squeeze
XRP Experiences Mild Rebound and Significant Short Squeeze
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XRP's price has registered a mild rebound, causing its liquidation imbalance for short sellers to surge by over 1,000% within four hours.
XRP Price Action and Liquidation Event
According to Utoday, XRP has seen a mild rebound in its price recently. This upward movement has led to a significant event in the market: a liquidation imbalance for short sellers. The article highlights that this imbalance has risen by an astonishing 1,190% over a four-hour period, indicating that a substantial number of short positions are being closed out, likely contributing to the 'mild rebound' observed in XRP's price.