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XRP

XRP Short Squeeze: $58K Liquidated at $3.13

I noticed a $58,000 short liquidation in XRP executed at $3.129. That event forced short-covering and created upward momentum in the immediate term.

I view this as a short-squeeze signal rather than a definitive trend change — the liquidation size is meaningful intraday but modest versus overall market depth.

I’m monitoring volume, orderflow and nearby resistance; I’d prefer to see follow-through or a retracement to buy on weakness with clear risk controls.

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Analysis

A $58K short liquidation at $3.129 suggests short-covering pushed price higher and increased buying pressure, but the amount is modest relative to XRP’s liquidity — confirm with volume and resistance ...

Recommendation

Treat this as a near-term trading setup: watch for follow-through or a pullback to enter (buy on weakness) and use tight stops; avoid adding large positions solely on this single liquidation event.

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.

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