Big news! The shorts have really taken a big tumble this time!
Did you know that someone lost 855,000 dollars because they shorted XRP (Ripple) and got forcibly liquidated at the price of 1.507 dollars? This incident has shaken the market!
This is simply proof that XRP is soaring! Those traders who shorted XRP are now under immense pressure, their positions are completely squeezed.
Why is this matter so important? Because XRP's price has surged so wildly that it directly broke through the 1.50 dollar mark, leaving even the seasoned traders dumbfounded.
The consequences of the shorts being squeezed can be severe; the higher the price goes, the more they have to cover their positions, leading to even stronger buying, and consequently, the price continues to rise.
The sentiment in this market changes rapidly; it was bearish just a moment ago, and now it has completely turned bullish. This explosive rise indicates that everyone’s sentiment has flipped.
The shorts are now getting deeper into trouble; they might have to continue covering, which means XRP might still rebound further.
Looking at this momentum, XRP may continue to rise and challenge new highs; it might even set a new historical peak!
Such market performance is definitely eye-opening for traders. Everyone should stay alert and be prepared for the upcoming major movements; this XRP hasn’t reached its peak yet!
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