$XRP Long Liquidation Alert: $468.5K at $2.3575

In a dramatic turn of events, a massive $468.5K long position in $XRP was liquidated at a price of $2.3575, sending shockwaves through the market.

This significant liquidation highlights the risks of high-leverage trading and the current market volatility affecting XRP.

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The liquidation occurred as XRP failed to maintain its upward momentum, slipping below the critical support level of $2.3575.

This forced the closure of a leveraged long position worth nearly half a million dollars.

The event underscores intense selling pressure and possibly the triggering of a broader liquidation cascade in the market.

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Key Takeaways

1. Major Market Impact:

A liquidation of this scale adds downward pressure on $XRP , contributing to heightened volatility and potential panic among traders.

2. Leverage Risks Exposed:

High-leverage positions amplify profits but

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