Breaking: $XRP Bulls Strike Hard – $1.9911K Long Liquidation at $2.0573
A major $1.9911K long liquidation just occurred at $2.0573, causing a stir in the xrp market.
This signals intense bearish pressure as long positions are forced out, potentially triggering a price pullback.
The market is now in a critical phase—what happens next could set the stage for the next big move.
Key Details:
Liquidation Amount: $1.9911K
Liquidation Price: $2.0573
Market Sentiment: Bearish pressure building as liquidated positions add downward momentum.
Suggested Next Move:
1. For Short Positions:
Entry Zone: Consider shorting around $2.06-$2.08 if resistance holds.
Target: $2.00 or lower for potential profits.
Stop Loss: $2.10 to protect against an unexpected rally.
2. For Long Positions:
Wait for a retracement to $2.00-$2.05 before considering entering.
Target: $2.10 if the bullish trend resumes.
Stop Loss: $1.95 to minimize risk in case the price continues to fall.
3. Critical Levels to Watch:
If $XRP fails to hold above $2.05, a deeper retracement toward $1.95-$2.00 could be in play.
A bounce above $2.10 could signal a continuation of the bullish trend.
The $XRP market is at a tipping point—keep an eye on these key levels to navigate the volatility!