$XRP Short Liquidation: $10.107K at $2.5959!
Overview:
Type: Short Liquidation
Liquidated Amount: $10.107K
Price Level: $2.5959
What Happened?
XRP’s price climbed sharply, forcing short sellers to close positions at $2.5959.
This added buying pressure and accelerated the upward momentum.
What’s Next?
1. Key Levels to Watch:
Resistance: $2.70 – A breakout here could push XRP toward $2.80.
Support: $2.55 – Holding above this will confirm strong bullish control.
2. Market Sentiment:
Bullish: Increased liquidations and upward momentum indicate rising interest in XRP.
Next Target: Sustained momentum could test $2.70 and beyond.
3. Trading Plan:
For Buyers: Wait for a pullback near $2.55 for safer entries.
For Sellers: Be cautious; consider shorting only if clear reversals appear near $2.70.
Conclusion:
XRP’s surge and liquidations show solid buying pressure.
Keep an eye on $2.70 for a breakout and $2.55 as key support.
Stay ready to trade the volatility wisely!