$XRP Short Liquidation Alert!
A notable $81.3K in XRP shorts was liquidated at $2.738, signaling intensified bullish momentum as sellers are forced out of their positions.
Market Insights
1️⃣ Liquidation Pressure: Short squeezes like this often accelerate upward price movements as bearish positions get wiped out.
2️⃣ Critical Resistance Zone: $XRP is eyeing the $2.75–$2.80 range, which could act as a breakout level if buying pressure continues.
3️⃣ Momentum Indicators: Increased trading volume around this level supports the case for further bullish action.
What's Next for $XRP ?
• Bullish Outlook: Sustaining above $2.75 could open the door to testing higher levels, with $2.90–$3.00 as the next major targets.
• Bearish Risk: Failure to hold above $2.73 might trigger a pullback toward $2.65, providing potential re-entry zones for buyers.
Trading Strategy
• For Bulls: Watch for a decisive close above $2.75 with strong volume—this could be your signal to ride the momentum higher.
• For Bears: Stay patient. Only consider shorting if XRP shows exhaustion near key resistance levels.
XRP is heating up fast! Will it conquer $3.00 next, or will the bears attempt a comeback?
Stay nimble and follow the trend!
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