$XRP Short Liquidation: $85.5K at $1.507!
In a stunning market move, XRP just triggered a massive short liquidation worth $85,500 as its price surged to $1.507.
This move comes amid a growing sense of optimism surrounding XRP, defying many short-sellers' expectations.
As $XRP price broke through critical resistance levels, liquidations piled up, and short positions worth hundreds of thousands of dollars were wiped out.
Traders who were betting against the token got caught off guard as the cryptocurrency defied the broader market trends.
This event highlights the extreme volatility of the crypto market and how quickly positions can be liquidated when price movements accelerate.
It’s a reminder of the risks associated with shorting in a market as unpredictable as crypto, especially with $XRP showing strength amidst legal developments and broader market momentum.
Stay tuned as XRP continues to perform strongly, and keep a close watch on market movements!