XRP experienced an unusual liquidation pattern: in the past hour, short liquidations were zero, while long liquidations exceeded $203,000. In the past 24 hours, the total liquidation amount reached $7.44 million, with longs accounting for $4.51 million and shorts for $2.94 million. The price dropped from $1.957 to $1.942, indicating that shorts may have exited early. The key level to watch is $1.950; a break above this level could force shorts to re-enter and open the path to $1.975.