XRP Liquidation Imbalance Surges Past 300% on Cooler-Than-Expected US Inflation Data

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XRP recorded a liquidation imbalance exceeding 300% after cooler-than-expected US inflation data triggered a wave of forced short-position closures across the digital asset market, according to CoinGlass. The asset was the main beneficiary of the local short squeeze, breaking through key technical resistance levels on the 4-hour chart amid the price impulse.

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Cooler-than-expected US inflation data triggered a short squeeze, pushing XRP price up.

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