$XRP Long Liquidation Alert
Liquidated Position: $361K at $2.487
$XRP just pulled back with a vengeance! The price dropped sharply, liquidating $361K worth of long positions at $2.487.
Traders who were expecting higher levels are now facing a big setback.
What’s Next?
This liquidation could indicate a short-term bearish shift.
Watch for support near $2.40. If $XRP holds above that, we could see consolidation or a potential bounce.
However, if the price dips below $2.40, further downside may be possible.
Next Move: Consider waiting for a retest of $2.40 or a confirmation of support before re-entering.
A break above $2.55 could signal a potential recovery.
Reminder: Always be mindful of your risk when trading volatile assets like $XRP!
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