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XRP

XRP $61.2K Short Liquidated at $3.13 — Short-Squeeze Signal

I noticed a $61.2K short liquidation in XRP executed at $3.13. That liquidation likely removed some immediate bearish pressure.

I see this as a short-squeeze signal that can fuel short-term upside, but it may be liquidity-driven and prone to quick reversals.

I will watch for follow-through with increased volume and hold off on larger allocations until price confirms a breakout or retests support reliably.

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Analysis

The $61.2K short liquidation at $3.13 indicates forced buying that can push XRP higher in the near term, but such moves often reflect stop-hunting or liquidity grabs rather than sustainable trend chan...

Recommendation

I view this as a tactical buying opportunity on confirmed follow-through or as a buy-on-weakness near reliable support; keep position sizing tight and place a stop below the recent low to manage risk.

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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