$XRP just bled another 3% to 1.16 and the futures crowd is still leaning hard long into it. Binance global long/short accounts sit at 2.86 (74% long), top traders 2.10, while OI drifted from ~$415M to ~$392M over the last day. Longs are hanging on while price grinds lower.
On the NanoTrading Fire chart 4h, the 1.15-1.16 band is the only real support left on the heatmap, and the session low printed 1.1509. Above, there's thick liquidity stacked around 1.24 and again at 1.30, which is exactly where the last breakdown started.
The liquidation radar is the interesting part. The big short-liq cluster sits roughly 1.22-1.30, peaking near 1.25, while the long-liq pile below is mostly 1.00-1.10. So a reclaim of 1.20 could squeeze into 1.25 fast, but losing 1.15 opens the door to that 1.10 pocket where all those crowded longs get flushed. Funding is basically flat (+0.008%), so nobody is paying up for either side yet 🤔
My plan: no longs until $XRP closes a 4h back above 1.20. Below 1.15 I'd rather watch the 1.10 sweep than catch it.
Do you think the crowded longs get rewarded with a squeeze to 1.25, or flushed to 1.10 first?
Source: NanoTrading Fire chart + Liquidation Radar (nanotradingclub.xyz)
NFA, just my read.
#XRP #NanoTrading #crypto #futures
On the NanoTrading Fire chart 4h, the 1.15-1.16 band is the only real support left on the heatmap, and the session low printed 1.1509. Above, there's thick liquidity stacked around 1.24 and again at 1.30, which is exactly where the last breakdown started.
The liquidation radar is the interesting part. The big short-liq cluster sits roughly 1.22-1.30, peaking near 1.25, while the long-liq pile below is mostly 1.00-1.10. So a reclaim of 1.20 could squeeze into 1.25 fast, but losing 1.15 opens the door to that 1.10 pocket where all those crowded longs get flushed. Funding is basically flat (+0.008%), so nobody is paying up for either side yet 🤔
My plan: no longs until $XRP closes a 4h back above 1.20. Below 1.15 I'd rather watch the 1.10 sweep than catch it.
Do you think the crowded longs get rewarded with a squeeze to 1.25, or flushed to 1.10 first?
Source: NanoTrading Fire chart + Liquidation Radar (nanotradingclub.xyz)
NFA, just my read.
#XRP #NanoTrading #crypto #futures
