Short Liquidation Alert!
$XRP Short Liquidated
Liquidated Amount: $54,500
Price Hit: $2.706
This liquidation indicates significant buying pressure, potentially catching short sellers off guard.
Such moves often lead to a surge in market volatility.
What’s the Outlook?
If buyers remain strong, $XRP could challenge the next resistance at $2.75.
Failing to sustain momentum might see a pullback to support at $2.68.
Tactical Suggestions:
• Momentum Traders: Look for confirmation above $2.72 before entering long positions.
• Risk-Averse Investors: Stay patient and wait for either a confirmed breakout or a retest of lower levels.
Keep a close watch—the market is gearing up for action!
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