$XRP Short Squeeze: $119K Liquidated at $1.393!
A staggering $119,000 short position has just been liquidated at $1.393, sending shockwaves through the market.
This powerful move underscores intense bullish momentum, as sellers were caught off guard by aggressive buying pressure.
What Does It Mean?
This liquidation is a clear sign of strength from XRP bulls, forcing short sellers to cover their positions.
Such events can amplify upward momentum as traders rush to adjust to the new trend.
What’s Next for $XRP ?
XRP is riding a strong wave, but the next few hours will be crucial.
If buying pressure persists, we could see a breakout to higher resistance levels.
However, traders should also watch for a potential pullback after such a rapid move.
👉 Key Levels to Watch:
Resistance: $1.42 (breakout point for further upside).
Support: $1.38 (key level to hold for bullish continuation).
Trading Tip:
Volatility is your friend—use it wisely!
Look for confirmations before entering trades, and keep an eye on volume to gauge market strength.
XRP could be gearing up for an even bigger move!
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