Breaking: $XRP Short Liquidated for $120K at $2.322
A massive $120K short position was obliterated at $2.322, showcasing the strength of $XRP’s bullish momentum.
With this liquidation, bears are feeling the heat as $XRP powers closer to a potential breakout. The market is on fire, and traders are preparing for the next big move.
Key Details:
Liquidation Price: $2.322
Liquidated Amount: $120K
Market Sentiment: Strong bullish momentum
What’s Happening?
The liquidation underscores a possible short squeeze, with bears forced to cover their positions, adding fuel to the rally.
$XRP is now eyeing a critical psychological barrier at $2.35, which could open the door to further upside if broken.
What’s Next?
1. For long traders:
Hold your positions but use trailing stops to secure profits.
Watch for a breakout above $2.35 to confirm continued bullish momentum.
2. For short sellers:
Avoid entering until clear rejection occurs at $2.35-$2.40.
Wait for potential retracement near $2.30 or below before considering reentry.
3. For new players:
Look for entries above $2.35 for confirmation of strength.
Alternatively, wait for a pullback near $2.30-$2.25 to minimize risk.
Final Word:
This $120K liquidation is a testament to $XRP’s strength. Will bulls push past $2.35, or will bears regroup to stall the rally? The battle is heating up, and the next few moves could be pivotal. What’s your strategy? Share your thoughts below.
