XRP Flash Crash: High Leverage and Thin Liquidity Blamed for Its Violent Wick

XRP tumbled more than 50% during a sharp crypto market downturn, triggering $700 million in liquidations. Although the asset swiftly rebounded, analysts and social media users continue to speculate that the flash crash may have been the result of coordinated market activity. Market Impact and Liquidations Amid a recent sharp cryptocurrency market downturn, the price […]