$XRP Short Liquidation Hits $10.149K at $2.2860.

XRP traders just witnessed a big shakeout! A whopping $10,149 worth of short positions were liquidated as XRP surged to a price of $2.2975. This move is sending shockwaves through the market as bearish bets got wiped out by this unexpected breakout.

What Happened.

XRP price surged to $2.2975, triggering liquidations on short positions. Short liquidations occur when traders betting against the price rise (shorting) are forced to close their positions as prices rise above their margin limit.

In this case, the upward momentum liquidated a significant $10.149K in short trades, signaling strong buying pressure in the market.

Why is This Significant.

Short Squeeze Alert: When shorts get liquidated, it can fuel further upward momentum as traders cover their positions by buying back $XRP , pushing prices even higher.

Key Level Breached: The $2.2975 level could now act as a strong support if bulls maintain control.

Market Sentiment: The liquidation highlights bullish dominance, catching bearish traders off guard.

What to Watch Next.

Resistance Levels: Keep an eye on the next resistance zones. If XRP breaks through, we could see more explosive moves.

Potential Pullback: While bulls are in charge, a pullback to retest support levels (possibly around $2.20-$2.25) is possible before another leg up.

Strategy Tip: For new entries, wait for a retest or confirmation of support levels. For active traders, set tight stop-losses to minimize risks.

The Bulls Are Charging! Is this the beginning of a larger $XRP rally. Keep your eyes on the charts because XRP is heating up.

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