Ripple liquidations happen when leveraged positions on derivative exchanges — Binance, Bybit, OKX, Bitfinex, Huobi — are forcibly closed because margin drops below maintenance level. Each liquidation triggers a market order that can push XRP price further in the same direction, potentially cascading into more liquidations.
TapeSurf streams XRP liquidation events from all 5 exchanges in real-time via WebSocket. You can watch long vs short liquidation flow, identify when a cascade is building, and see cumulative 24h liquidation volume across exchanges — all in a single feed without switching between platforms.