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XRP

XRP Short Liquidated at $3.29 — $96.1K Position

I observed a short on XRP get liquidated for $96.1K when the price reached $3.290. This liquidation of a short position at $3.29 highlights a squeeze that pushed shorts out and added upward pressure to XRP’s price action.

The forced cover at $3.290 suggests increased short-covering activity and momentary bullish momentum for XRP. Traders watching XRP’s order flow and open interest should note this $96.1K liquidation as a sign of heightened volatility and possible continuation if follow-through volume appears.

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AI Analysis

The reported $96.1K short liquidation on XRP at $3.290 indicates shorts were forced to cover at that price level, creating immediate buy pressure. Such liquidations can momentarily accelerate price mo...

AI Recommendation

Do not chase the immediate move. Treat this liquidation as a signal to monitor XRP closely for confirmation: look for sustained volume and reduced open interest to validate continued bullish momentum....

Disclaimer

The AI 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.

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