$XRP Short sellers have been severely punished!
Just now, a guy was forced to close his short position on XRP at the price of $1.507, losing $855,000 in one go. This has caused quite a stir in the market!
This event is simply ironclad evidence of the XRP bull market. Those traders who shorted XRP must be as anxious as ants on a hot pan right now.
Look at the price of XRP, it's like riding a rocket, soaring up and directly breaking through the $1.50 barrier, even those seasoned traders are left dumbfounded.
The consequence of being squeezed is that the higher the price goes up, the more money they have to put in to cover their positions. As a result, more and more people are buying, and the price keeps pushing higher, it simply won't stop!
Market sentiment has completely reversed now. Such a large liquidation event indicates that everyone is starting to have a positive outlook on XRP. The market is now filled with laughter and joy, all expecting XRP to continue rising.
Short sellers are getting deeper into trouble, and they might continue to push XRP rebound. So what will happen to XRP next? At this momentum, XRP is very likely to continue climbing, challenging new peaks, and who knows, it might even create a historic high!
This market performance will definitely open the eyes of traders! Everyone needs to stay alert and be ready for XRP's upcoming big moves, this is just the beginning!
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