$XRP Long Liquidation: $7.2603K at $2.2067
๐จ Market Flash Update:
Liquidation Type: Long
Liquidation Value: $7,260.30
Liquidation Price: $2.2067
๐น Market Sentiment:
XRP faces strong bearish pressure as long positions are wiped out near $2.20.
This sharp decline highlights potential selling momentum, but a recovery could emerge if key supports hold.
๐ฅ Trading Plan:
Entry Point: Look for a buy entry near $2.2100, aligning with potential stabilization.
Target 1: First resistance is at $2.2800, offering a 3.2% upside.
Target 2: If momentum builds, aim for $2.3500, a critical psychological level.
Stop Loss: Place a stop at $2.1500 to limit downside risks in case of continued selling.
๐ฅ What to Watch:
Support Zone: Strong support lies at $2.2000. A break below this level could send XRP toward $2.1000.
Breakout Potential: A sustained move above $2.2800 could reignite bullish sentiment, targeting higher levels.
๐ Pro Tip:
Pay attention to market volume! Strong buying volume near $2.2100 can confirm a potential recovery, while low activity signals caution. Adjust positions proactively.