$XRP Short Liquidation: $98.2K Crushed at $1.393!
XRP’s bullish momentum strikes again as a staggering $98,200 short position was liquidated at $1.393.
This surge reflects growing investor confidence and intensifying pressure on bears, potentially signaling a breakout toward higher levels.
What’s Next for $XRP ?
Bullish Scenario:
If XRP holds above $1.39, the next key resistance lies at $1.42.
A clean breakout could pave the way toward $1.50, attracting even more bullish interest.
Bearish Risk:
If bulls fail to sustain the current levels, XRP might retrace to test support around $1.35, potentially creating an opportunity for dip buyers.
Opinion: With momentum favoring the bulls, traders should watch for a decisive move above $1.40.
Short-term scalping opportunities exist, but long-term holders could benefit by riding the rally as XRP targets new highs.
Stay cautious of sudden reversals in this volatile phase.
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