A massive $5,040.5K worth of shorts just got LIQUIDATED at the price of $2.7664. This high-stakes move is shaking the market and creating shockwaves among traders.
What does it mean?
Short liquidation happens when traders betting on XRP’s price falling are forced to close their positions as the price moves upward.
It reflects bullish momentum, as buyers overpowered sellers, driving the price higher.
Implications for $XRP :
1. The liquidation zone of $2.70 becomes a significant support level, where bullish activity is intensifying.
2. The spike in liquidation indicates that many traders underestimated XRP's upward potential, fueling volatility.
3. If momentum continues, we could see new resistance levels tested beyond $3.00.
Key Takeaway for Traders: The market sentiment for XRP is shifting strongly bullish! Consider monitoring for potential pullbacks for buy opportunities, while setting tight stop-losses to manage risk.
Aviso Legal: inclui opiniões de terceiros. Não se trata de aconselhamento financeiro. Poderá incluir conteúdos patrocinados.Consulta os Termos e Condições.
0
0
71
Fica a saber as últimas notícias sobre criptomoedas
⚡️ Participa nas mais recentes discussões sobre criptomoedas
💬 Interage com os teus criadores preferidos
👍 Desfruta de conteúdos que sejam do teu interesse