$XRP (Ripple) just experienced a massive sell-off of short positions!
Liquidated Value: $67.9K
Clearance Price: $1,169
Bears were crushed as XRP pushed through key resistance levels, forcing short sellers to cover their losses.
This sell-off is a clear indicator of bullish momentum—fueling speculation about XRP’s next big move.
What Does This Mean?
1️⃣ Shift in Momentum: Increased sell-offs often signal a shift in sentiment, with bulls regaining control.
2️⃣ Market Volatility: With more short positions being squeezed, expect rapid price action in the short term.
3️⃣ Fundamental Factors: XRP’s utility in cross-border payments and recent developments in its legal battles could be catalysts that drive this movement.
Will $XRP break above $1.20 and set new highs, or will resistance prevail?
Only time will tell!$XRP
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