Liquidated Long on XRP at $3.053 — Reduce Leverage and Wait
I was liquidated on a long XRP position for $63.8K when price hit $3.053.
The loss underlines how quickly leveraged XRP trades can flip against you — volatility and stop placement mattered more than conviction.
I’m reducing leverage, shrinking position size, and will only re-enter after clear technical confirmation or a meaningful drop in volatility.
Analysis
Recommendation
Reduce leverage or trim positions, avoid buying into the current move, and wait for clear technical recovery (support hold or higher highs) before increasing exposure; use tight stops.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.