$XRP has seen significant liquidations recently, as over $470 million worth of positions were closed, largely driven by a rise in short bets against the coin.
This has set the stage for a potential short squeeze, with the price likely to rebound if these short positions continue to be unwound.
For traders, this creates an opportunity for long positions, as $XRP might experience an upward surge due to the liquidation of short orders.
However, market conditions can change rapidly, so caution is necessary.
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