$XRP Liquidation Alert:
$56.7K long position liquidated at $2.477!
Market Breakdown for $XRP
Liquidation Details:
A $56.7K long position was liquidated at $2.477, sparking significant selling pressure and volatility in $XRP.
Current Price Action:
The liquidation drop has created a critical support level, but caution is needed as further downside could follow if the market fails to stabilize.
Trading Plan for $XRP
Entry Point:
Consider entering near $2.450, where support could hold after the liquidation-driven dip.
Target Levels:
First Target:
$2.520 (short-term resistance).
Second Target: $2.600 (key technical resistance level).
Stop Loss:
Place your stop at $2.400 to minimize risk in case of further downside.
This $XRP liquidation creates an exciting opportunity—capitalize within the $2.450–$2.600 range with disciplined risk management!