XRP Long Liquidated at $3.099 — $145K Wiped Out
I observed a $145K XRP long liquidated at $3.099, which highlights how quickly leveraged positions can be wiped out in this market.
I think this points to a nearby resistance level and possible stop-hunting around $3.10, making short-term momentum unreliable.
I’ll stay cautious: prioritize position sizing, use tight stop-losses, and avoid chasing immediate recoveries after such liquidations.
Analysis
The forced exit demonstrates elevated intraday volatility and the vulnerability of leveraged longs; it suggests resistance near $3.10 and the risk of stop runs until clearer support is established.
Recommendation
Do not chase the move. Reduce leverage, enforce stop-losses, and wait for confirmed support or consolidation before adding exposure to XRP.
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.