XRP Short Liquidation at $3.087 Signals Short Squeeze
I noticed a $162,000 short position in XRP was liquidated at $3.087. That forced buying likely contributed to the price spike and reduced immediate short pressure.
I view this as a short-term bullish signal but not a guarantee of sustained upside — confirmation requires follow-through volume and holds above nearby resistance.
Analysis
Recommendation
I’m treating this as an informational signal — watch for volume and price confirmation before increasing exposure. Consider only a small position with strict stops or wait for a validated breakout.
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.