Liquidation at $3.028 Highlights XRP Volatility
I was liquidated on an XRP long — $145,000 closed at $3.028.
This trade exposed the high volatility and risk of using significant leverage on XRP; I’m stepping back to reassess position sizing and risk controls.
I’ll only consider re-entry after clear, confirmed support and with much smaller size and tighter stops.
Analysis
Recommendation
Don’t chase longs now. Wait for consolidation or a confirmed reversal, reduce position size, use low leverage, and set strict stop-losses if you plan to trade XRP.
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.