📉 XRP Down 18% Since Peak, But Bigger Risks Lurk!
XRP is down almost 18% since its peak on December 3, and while there is still hope for a recovery, there is a serious threat to traders with high leverage. 💥 According to analyst Pav Hundal, Bitcoin’s re-established dominance could cause funds to flow from XRP to BTC, triggering massive liquidations in the market.
Interestingly, despite the XRP price drop, many retail investors are actually increasing their positions, even with higher leverage! Is this a sign that the market has entered a FOMO (Fear of Missing Out) phase? 🤔
With open interest almost double what it was in 2021, the market is now at a critical juncture. Can XRP recover, or is there a big surprise coming? 🧐
What do you think? Is this the right time to enter or should we be careful of the potential for massive liquidations? 💭
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