$XRP Short Liquidation Alert

A massive $7.96K short liquidation just took place at $2.4369, signaling bullish momentum.

This means sellers got squeezed, and buyers are gaining control.

Here's the full breakdown with a simple and actionable strategy for you.

Current Scenario

Price at Short Liquidation: $2.4369

Market Sentiment: Strongly bullish after liquidation.

Volume Impact: Increased buying pressure could push prices higher.

Next Price Movement

Buy Zone:

Range: $2.30 - $2.40

Look for price dips into this zone with confirmation of support (strong buying volume or bullish candles).

Target Zones:

1. Short-Term Target: $2.60

Expect price to reach this level as buyers dominate.

2. Mid-Term Target: $2.80

Sustained momentum could take $XRP toward this significant psychological level.

Stop Loss:

Set your stop loss at $2.20.

This level protects you from unexpected bearish reversals.

Key Levels to Watch

1. Support Levels: $2.30 and $2.40 are critical for maintaining bullish momentum.

2. Resistance Levels: $2.50 (minor resistance) and $2.60 (major resistance) may slow down upward movement.

3. Volume Trends: A spike in buying volume near $2.40 will confirm strength in the uptrend.

Action Plan

Step 1: Enter around $2.30 - $2.40 when support is confirmed.

Step 2: Take partial profits at $2.60 and move your stop loss to breakeven.

Step 3: Hold for $2.80 if bullish momentum continues.

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Why This Matters

This large short liquidation shows that sellers are losing control, and buyers are stepping in aggressively. If $XRP breaks resistance levels, we could see a strong rally in the coming sessions.

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