XRP Long Liquidated at $3.028 — $145K Wipeout Signals Short-Term Weakness
I had a long position in XRP liquidated for $145,000 at $3.028. The forced exit highlights notable short-term selling pressure and stop run risk around this level.
Given this liquidation and increased volatility, I’m cautious about re-entering without clearer support or a consolidation pattern; risk management must be tightened if trading here.
Analysis
Recommendation
Avoid initiating fresh long positions now; consider waiting for a stable support or confirmation of a rebound. If already exposed, reduce size and use tighter stops to limit further downside.
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.