$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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