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XRP

XRP $58K Short Liquidation at $3.13 — Short-Term Bullish

I observed a $58,000 short liquidation in XRP at $3.129, which removed immediate bearish pressure and likely caused short-term bullish momentum.

I view this as a positive signal but it requires confirmation from volume and price action above nearby resistance to be sustainable.

I will consider a controlled buy with tight risk management or wait for a pullback to add size.

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Analysis

Shorts getting liquidated at $3.129 reduces selling pressure and can trigger a squeeze, but the move needs supporting volume and a clear close above resistance to signal continuation; otherwise a retr...

Recommendation

Consider a cautious buy with disciplined position sizing and stop-loss, or wait for a pullback or confirmed breakout before increasing exposure.

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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