XRP $58K Short Liquidated at $3.129 — Short-Term Bullish Signal
I observed a $58K short on XRP get liquidated at $3.129, which likely produced short-covering and a brief upward impulse.
While forced liquidations can trigger short squeezes, $58K is modest relative to XRP’s typical on-chain/liquid market depth, so this alone doesn't confirm a sustained breakout.
I will monitor volume, follow-through price action around $3.13 and nearby resistance before increasing exposure, and keep tight risk controls on any entry.
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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.