$XRP Liquidated Long: $115K at $2.426
XRP recently saw a major liquidation long of $115K at the price of $2.426, which has caught the attention of traders.
This could be the beginning of a key price shift for XRP.
Key Details:
Current Price: $2.426
Liquidation Volume: $115K
Price Action: $XRP is facing strong volatility, which could lead to a breakout or pullback.
Next Move:
Bullish Scenario: If XRP breaks above $2.50, it could aim for the next resistance around $2.70 or higher.
Bearish Scenario: A drop below $2.30 could lead to further declines toward $2.10 or lower.
Support Level: $2.30
Resistance Level: $2.50
Buy or Sell?
Buy: Look to buy if XRP holds above $2.40 and continues towards $2.50, which could signal further upside.
Sell: If $XRP falls below $2.30 or fails to break resistance at $2.50, consider selling or staying out until the trend becomes clearer.
Stay vigilant and trade with caution!