XRP Short Liquidation Suggests Short-Term Bullish Pressure

I observed a $120,000 short position in XRP get liquidated at $3.092, which implies short-covering and recent buying pressure.

I view this as a short-term bullish signal that could spark further upside if supported by volume, but it's only one liquidation event and not definitive trend proof.

I will watch for follow-through above the liquidation level and prefer confirmation (higher volume and sustained price) before increasing exposure; if trading the move, keep position sizing small and use a clear stop-loss.