XRP Long Liquidated at $3.25 — Expect Continued Volatility, Avoid New Longs
I had a long XRP position that was liquidated. My average entry was $3.2493 and the position size was $58,013, managed by All Bots @bpay_group.
The liquidation highlights sharp downside volatility and the risks of leveraged exposure; price action around this level is unreliable until clearer support forms.
I will not re-enter long right now and will wait for confirmed support or a lower-risk setup before considering new exposure.
Analysis
Liquidation at an average of $3.2493 suggests leverage-driven downside and seller momentum; technical confirmation of support is needed before bias turns neutral or bullish.
Recommendation
Do not initiate new long positions; reduce exposure if leveraged and wait for clear stability and confirmed support levels before reconsidering entry.
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.