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XRP

XRP $162K Short Liquidation at $3.087 Signals Short-Term Bullish Momentum

I noticed a $162,000 short on XRP get liquidated at $3.087, creating immediate buying pressure as stops were hit.

I see this as a short-term bullish sign because the liquidation removed some short-side supply and can generate momentum, though the size is modest versus overall market liquidity.

I'm watching volume and price action around $3.09 for follow-through; sustained buying would confirm continuation, while a quick retracement could present a lower-risk entry.

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Analysis

The liquidation indicates short-covering that can fuel near-term upside, but its impact depends on market depth and whether buyers sustain momentum; absent higher volume continuation, the move may fad...

Recommendation

Watch price and volume around $3.09 for confirmation before committing; consider buying on a confirmed retest or weakness rather than chasing the spike.

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.

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