XRP Longs Liquidated $51.3K at $3.043 — Short-Term Bearish
I observed a $51.3K long liquidation on XRP executed at $3.043. This was a meaningful stop-run that likely removed a chunk of leveraged long exposure.
I view this as a short-term bearish signal: the liquidation suggests sellers or stop-hunters are active around current levels, increasing downside risk until clear support holds.
I'll avoid initiating new long positions and wait for price stabilization or a confirmed recovery above recent resistance before reconsidering exposure.
Analysis
Recommendation
Avoid new long entries and consider selling or reducing exposure until XRP shows price stabilization and volume-confirmed recovery above key resistance.
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.