The update indicates that a short position on $XRP # (Ripple's cryptocurrency) was liquidated, with $5,604.3 worth of being closed at a price of $2.1162 per token. Here's a quick breakdown:
1. Short Liquidation: This occurs when a trader who is betting on the price of bto drop is forced to close their position due to the price rising above their liquidation threshold.
2. $5.6043K: The total value of the position that was liquidated.
3. $2.1162: The price of when the liquidation happened.
This implies that XRP's price increased significantly, catching short sellers off guard. If you'd like more context or an analysis of market trends, let me know!