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XRP

XRP Long Liquidated at $3.093 — Short-Term Weakness Likely

I logged a liquidated long in XRP: $77.7K was closed at $3.093, which signals notable short-term selling pressure.

This liquidation likely triggered stop cascades and increased volatility around the $3 level. I’m watching for whether this is a shakeout or the start of a deeper correction.

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Analysis

The liquidation at $3.093 implies concentrated long exposure and stop-loss clustering around that price; that can amplify downside intra-session. Unless volume and order-book support return, the move ...

Recommendation

I recommend waiting for price stabilization or a reclaim of key support/resistance levels before adding exposure. If you trade it, reduce size, use tight stops, and avoid chasing longs into the immedi...

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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