$XRP Surge: R$82.5K Short Liquidation at R$2.715 Fuels Rally!
A significant R$82.5K short position was liquidated at R$2.715, signaling a powerful upward push as bearish positions get wiped out.
This suggests growing confidence from bulls, potentially setting the stage for further gains.
Strategic Moves for Traders:
1. For Buyers:
$XRP may target R$2.80 if it sustains momentum above R$2.75.
Consider entering near R$2.70–R$2.72, with a stop-loss around R$2.65 to limit downside risk.
2. For Sellers:
Watch for signs of exhaustion near R$2.80–R$2.85. A rejection here could trigger a pullback toward R$2.60.
Stay cautious as current momentum favors bulls.
Key Levels to Focus On:
Support: R$2.65, R$2.60
Resistance: R$2.80, R$2.85
$XRP ’s momentum is building rapidly—ideal for quick trades but demands sharp focus. Don’t miss the action!
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