XRP Long Liquidated at 3.0989 — Expect Continued Volatility
I was long XRP and my position was liquidated. My average entry was 3.0989 and the position size was $145,438.
All trades were executed by @bpay_group bots, which amplified risk and led to the forced exit. The liquidation indicates strong downside pressure and high volatility.
I will reduce leverage, pause new long entries, and wait for clear support or a confirmed reversal before considering re-entry.
Analysis
The liquidation of a sizable automated long position at 3.0989 suggests aggressive selling and potential stop-hunting; bot-driven execution increases downside risk and short-term volatility.
Recommendation
Do not initiate new long positions now. Reduce leverage, consider exiting vulnerable exposure, and wait for consolidation or a reliable support retest before buying.
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.