#ReboundRally

**Breaking: $XRP Short Position Liquidated for $120K at $2.322**

A massive short position worth $120K was liquidated at $2.322, highlighting the intense bullish momentum behind $XRP. This liquidation adds to the pressure on bearish traders as $XRP inches closer to a potential breakout. The market is buzzing, and traders are gearing up for the next significant move.

### Key Details:

- **Liquidation Price**: $2.322

- **Liquidated Amount**: $120K

- **Market Sentiment**: Strong bullish momentum

### What’s Happening?

This large liquidation suggests a short squeeze in play, forcing bearish traders to cover their positions, further fueling the rally. $XRP is now approaching a critical psychological level at $2.35. Breaking this barrier could unlock further upside potential.

### What’s Next?

1. **For Long Traders**:

- Hold positions, but consider using trailing stops to lock in profits.

- Monitor for a breakout above $2.35 to confirm continued bullish momentum.

2. **For Short Sellers**:

- Avoid shorting until a clear rejection happens around $2.35-$2.40.

- Consider re-entering after a pullback near $2.30 or lower.

3. **For New Traders**:

- Look for buy entries above $2.35 as confirmation of strength.

- Alternatively, wait for a pullback to the $2.30-$2.25 range to reduce risk.

### Final Thoughts:

The $120K liquidation highlights the growing strength of $XRP. Will bulls push through $2.35 and continue the rally, or will bears regroup and halt the momentum? The next few moves could be crucial. What’s your strategy? Share your thoughts below.