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XRP

XRP Short Squeeze: $81K Shorts Liquidated at $3.094 — Bullish Momentum

I see $81.4K of XRP short positions liquidated at $3.094, which looks like a short squeeze that pushed price higher and indicates immediate bullish pressure.

I still treat this as a momentum signal rather than a structural breakout — the liquidation size is meaningful intraday but not huge versus overall market depth, so I’ll watch volume and nearby resistance before scaling up.

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Analysis

The liquidation of $81.4K in short exposure at $3.094 implies forced buying and short-covering that can lift price in the short term. The move signals bullish sentiment but should be validated by risi...

Recommendation

I would treat this as a buy signal with caution: consider a small position or wait for confirmation on volume and price action above nearby resistance, and use a tight stop below recent support to man...

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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