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XRP

XRP Short Squeeze: $61K Liquidated at $3.13

I note a $61.2K short on XRP was liquidated at $3.13.

I view this as a sign of short-covering that can add near-term bullish momentum, though it’s a single data point.

I’m watching for follow-through volume and a confirmed break above nearby resistance before adding exposure.

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Analysis

The liquidation indicates short-covering pressure that can push price higher in the short term, but the size is moderate relative to total market liquidity. Confirmation from increased volume and brea...

Recommendation

I recommend watching price and volume for confirmation; consider a small, measured entry on a confirmed breakout or wait for a clean retest to reduce risk.

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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