Nearly $39M in XRP long positions liquidated on November 8

on November 10, according to BeInCrypto, CoinGlass data shows leveraged long positions of XRP were liquidated for nearly $39 million on November 8, with short positions accounting for approximately $366,000 in liquidations on the same day.

The report notes that XRP has declined by approximately 14% over five consecutive days, trading around $1.09 at the time of reporting, with open interest in futures contracts totaling approximately $2.51 billion. The analysis suggests that if the daily close falls below $1, the target for the descending triangle pattern could be $0.86; reclaiming $1.14 may serve as an early signal of easing selling pressure.