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#ReboundRally **Breaking: $XRP Short Position Liquidated for $120K at $2.322** A massive short position worth $120K was liquidated at $2.322, highlighting the intense bullish momentum behind $XRP. This liquidation adds to the pressure on bearish traders as $XRP inches closer to a potential breakout. The market is buzzing, and traders are gearing up for the next significant move. ### Key Details: - **Liquidation Price**: $2.322 - **Liquidated Amount**: $120K - **Market Sentiment**: Strong bullish momentum ### What’s Happening? This large liquidation suggests a short squeeze in play, forcing bearish traders to cover their positions, further fueling the rally. $XRP is now approaching a critical psychological level at $2.35. Breaking this barrier could unlock further upside potential. ### What’s Next? 1. **For Long Traders**: - Hold positions, but consider using trailing stops to lock in profits. - Monitor for a breakout above $2.35 to confirm continued bullish momentum. 2. **For Short Sellers**: - Avoid shorting until a clear rejection happens around $2.35-$2.40. - Consider re-entering after a pullback near $2.30 or lower. 3. **For New Traders**: - Look for buy entries above $2.35 as confirmation of strength. - Alternatively, wait for a pullback to the $2.30-$2.25 range to reduce risk. ### Final Thoughts: The $120K liquidation highlights the growing strength of $XRP. Will bulls push through $2.35 and continue the rally, or will bears regroup and halt the momentum? The next few moves could be crucial. What’s your strategy? Share your thoughts below.
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