XRP Long Liquidated at 3.2441 — $90k Position Wiped
I had a long on XRP that was liquidated. My average entry was 3.2441 and the position size was $90,223, executed by our trading bots at bpay_group.
This liquidation highlights excessive leverage and inadequate risk controls on the trade. I’ll step back, review stop placement and sizing, and avoid re-entering until I see clearer, lower-risk setups.
Analysis
Recommendation
Don’t chase a recovery. Reduce position size, tighten risk controls, and wait for confirmed support or a lower-risk entry before considering a new long.
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.