XRP Short Squeeze: $162K Liquidated at $3.087 Signals Short-Term Bullish Pressure
I noticed a $162,000 short liquidation in XRP at $3.087. That forced covering suggests short-sellers were squeezed around that price.
I view this as a short-term bullish signal because liquidations reduce immediate selling pressure, but it can reverse quickly if momentum fades. I’m watching volume, futures funding and nearby support/resistance to judge sustainability.
My plan is to wait for confirmation — either a clean follow-through above resistance or a disciplined retracement — before adding exposure, and to use a tight stop to manage risk.
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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.