XRP Long Liquidated at 3.0955 — Wait and Reassess
I had a long on XRP that was liquidated. The position averaged 3.0955 and the total exposure was $58,336.
The liquidation shows recent volatility and that my leverage and risk management were insufficient. Price action looks uncertain and likely biased to the downside until clear support is rebuilt.
I will wait for confirmed support or a clean reversal before considering re-entry, reduce position size, and tighten stops to avoid a repeat.
Analysis
The liquidation at 3.0955 indicates a swift downside move and likely liquidity hunting; technical structure favors sellers until a reliable support zone and reversal pattern form.
Recommendation
Wait for clear support or reversal confirmation, lower leverage, and use tighter risk controls; do not chase longs while price remains below the liquidation level.
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.