$XRP Short Liquidation Alert.

The market just witnessed a huge short liquidation worth $1,339.9K ($1.34 million) for XRP at the price level of $2.1366.

What Happened.

XRP's price surged to $2.1258, forcing short traders (those betting against the price) to close their positions.

This spike liquidated a whopping $1.34 million worth of short positions, reflecting a strong bullish momentum in the market.

Why It’s Thrilling:

1. Bull Power: A liquidation of this size indicates bulls are firmly in control, pushing prices higher.

2. FOMO Zone: The breakout could attract more investors, fueling additional upward movement.

3. Key Resistance Broken. If $2.1258 holds as a new support, $XRP could continue its rally toward higher targets.

What’s Next.

Immediate Resistance: XRP needs to sustain above $2.1258 to aim for higher levels like $2.25-$2.50.

Support Levels: Watch out for $2.00 and $1.90 as critical supports if the price retraces.

Market Sentiment: Such liquidations often lead to increased volatility, so prepare for both swift gains and pullbacks.

Pro Tip for Traders:

Trend: Follow the trend; it’s your friend!

Risk Management: Set proper stop-losses; volatility could swing both ways.

Buy Zone (if retracement): Look for entries around $1.95-$2.05, targeting $2.30-$2.50, with a stop-loss below $1.90.

This event marks a pivotal moment for $XRP stay sharp, as the bulls are roaring louder than ever.

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