$XRP has recently liquidated a long position valued at $54.9K, triggered at a price of $1.862.
This liquidation is part of a broader trend, as $XRP has been experiencing significant volatility, with liquidations totaling over $24 million in the last 24 hours.
Next Move Opinion:
Analysts believe that XRP is poised for a rally towards the $1.96 resistance level.
If it breaks through this barrier, it could surge past $2.00, fueled by positive sentiment surrounding potential stablecoin approvals and ETF expectations.
Traders should watch for signs of bullish momentum while remaining cautious of possible corrections
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