$XRP Liquidation Event Spotted!

A significant $6.9894K long liquidation at $2.4189 suggests volatility in XRP’s price action. Here’s what might happen next and how you can plan your trade:

Analysis

The liquidation indicates a rejection near $2.42, suggesting strong resistance at this level.

Price could dip to find support before attempting another breakout.

Key Levels to Watch

Buy Zone: $1.90 - $2.05 (strong support and potential bounce area).

Target 1: $2.30 (first resistance to test).

Target 2: $2.42 (previous high).

Target 3: $2.60+ (breakout potential if momentum builds).

Stop Loss: $1.85 (below support to manage risk).

What to Do Next

For Long Traders: Wait for confirmation near the buy zone before entering. Look for bullish signs like strong volume or reversal patterns.

For Short Traders: Watch for rejections at $2.30 or $2.42 to short with tight stops.

Keep an eye on the volume and market sentiment. This move could set the stage for XRP’s next big trend.

#MicroStrategyJoinsNasdaq100 #CryptoUsersHit18M #BinanceLaunchpoolVANA #BinanceListsVelodrome #BitcoinKeyZone