The derivatives market is sending a clear signal :
The massive pool of liquidity required for the next major move for $XRP is concentrated above the current trading range.
âThe Magnet: The largest cluster of selling orders, short positions, and stop-losses is sitting at the $3.00 to $3.40 zone. This acts as a powerful magnet that draws the price upwards.
âThe Mechanism: When $XRP breaks past its immediate resistance (currently around $2.32), the resulting volatility will trigger the forced liquidation of short sellers at the $3.00+ range. This is the Short Squeeze that will fuel the parabolic move.
âThe Confirmation: This $3.00 area is both the psychological hurdle and a major technical resistance level that many analysts expect to break during a major Altseason rally.
âThe map tells the story: Until $3.00 is swept, the price action is just consolidation.
âForeheadburns View
âThe target is set. I am using the current price weakness ( XRP is trading around $2.28) to accumulate before the market reaches the $3.00 liquidity magnet.
âThe time to buy is when the liquidation map shows fear (downside risk), not when the target is reached. This is an excellent risk/reward setup.
âđ Will $XRP hit $3.00 before year-end? YES/NO!
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