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XRP

XRP $63.8K Long Liquidated at $3.053 — Watch for Short-Term Volatility

I reported a $63.8K XRP long was liquidated at $3.053. The stop-run suggests sellers forced a short-term washout around the $3 level.

I view this as a sign of increased short-term downside pressure and higher volatility rather than a definitive trend reversal.

I will watch price action near $3 for a reclaim or further breakdown before committing new size.

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Analysis

The liquidation of a sizable $63.8K long at $3.053 indicates stop-hunting and seller dominance around the $3 mark; this raises the probability of a short-term retest lower or chop until market partici...

Recommendation

Remain cautious and watch price action around $3. Avoid initiating new longs immediately; consider buying on confirmed weakness or after a clear reclaim of $3 with volume.

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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