Breaking: $XRP Short Liquidation Hits $6.2346K at $2.3195!
The XRP market just witnessed a major shakeout as shorts worth $6.2346K were liquidated at a crucial price level of $2.3195.
This move underscores growing bullish momentum in XRP, potentially signaling a breakout or a rally continuation.
What’s Happening?
Short Squeeze in Action: Bearish traders betting on $XRP decline have been forced out as price surged.
Key Level Breached: $2.3195 was a critical resistance point—its breach has turned the tables for bulls.
Market Sentiment: Momentum is tilting heavily in favor of buyers, possibly indicating strong institutional or whale activity.
What’s Next?
1. Traders:
Look for consolidation or continuation signals above $2.3195.
Set tight stop-loss levels if entering new positions—volatility could spike.
2. Investors:
If XRP maintains support above $2.3195, it could test the next resistance levels around $2.35–$2.40.
Watch for potential corrections to add at lower levels.
3. Caution:
Bull runs often trigger profit-taking—prepare for possible short-term pullbacks.
The $XRP rally is heating up—will the bulls charge ahead, or will the market cool down? Stay tuned and plan accordingly!