#NOT市场动态
XRP shorts were slaughtered, and 85.5K forced liquidation set off the market!
An XRP short position of up to $85,500 was forced to close at $1.507, which brought a huge shock to the market!
This large-scale forced liquidation is undoubtedly a manifestation of the power of XRP's crazy bull market. Short positions are squeezed, and traders who bet on XRP to fall are feeling huge pressure!
Why is this so important?
XRP surge: XRP has soared all the way, breaking through the $1.50 mark, catching many veterans off guard.
Short squeeze effect: As prices climb, shorts have to cover their positions, which further increases buying pressure and drives prices to continue to rise.
This momentum is unstoppable!
Market sentiment shift: Such a large-scale forced liquidation means that market sentiment has undergone a huge shift, and optimism is spreading in the market.
This may cause more shorts to be trapped, thereby driving more rising markets.
What will happen to $XRP next?
Following this momentum, XRP may continue to climb, challenge new resistance levels, and even set new highs.
This market situation requires traders to be alert!
Stay alert and be prepared for more fluctuations-
The madness of XRP may have just begun!
In the currency circle, if you don’t have a good circle and don’t have first-hand information about the currency circle, then I suggest you follow me and take you to the shore for free. Welcome to join the team! ! !
