$XRP has just seen a massive long liquidation of $1.32M at $1.101, signaling a sharp pullback and a shift in market dynamics.
This liquidation underscores the pressure on long positions, as XRP faces significant downward momentum.
With such a large liquidation event, $XRP could experience further volatility, with additional long positions being forced to cover, amplifying the current correction.
XRP is under strain in the short term, and traders should remain vigilant for potential signs of a reversal or further weakness.
Keep a close watch on $XRP as it navigates through this volatile phase.