This indicates a significant long liquidation event for $XRP . Here's what it means.

$XRP Long Liquidation A long position is closed because the price dropped below a specific threshold, triggering stop-loss orders or margin calls.

This happens when traders who bet on the price going up are forced to exit their positions due to losses.

Amount Liquidated: $9,629.2 worth of $XRP was liquidated.

Liquidation Price: $1.8777 was the price level where the liquidation occurred.

This suggests that traders with leveraged long positions on XRP at or above $1.8777 were forced to sell, possibly contributing to downward pressure on the market price. If you're trading, it’s essential to monitor support levels and use risk management strategies like stop-losses to avoid similar situations.

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