XRP Long Liquidated — $63.8K Loss at $3.05
I had a long on XRP that was liquidated, costing $63.8K at a fill of $3.053. The position was overwhelmed by downside momentum and stopped out at those levels.
This loss highlights excessive leverage and poor risk management on my part; I’ll step back, reassess position sizing, and wait for clearer support before re-entering.
Analysis
Recommendation
Reduce exposure and leverage on XRP, avoid initiating new long positions until price shows confirmed support and lower volatility, and enforce strict stop-losses to limit further capital erosion.
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.