The short positions being liquidated are this round’s biggest buyers in the $XRP XRP market—yesterday, over $300 million in long/short positions were forcefully liquidated across the web. XRP surged more than 7% in the process, breaking through the upper edge of a symmetrical triangle it had been consolidating within for five weeks at 1.50.
――― Direction: 1.50 is the line between long and short. If it holds above 1.56, we can then talk about 1.60. If it falls back below 1.44, I’ll treat it as weakening.
Now the two sides are fighting hard. The longs are telling stories with settlement/payment being realized and the “flip ETH narrative.” The shorts are watching exchange wallets for coin increases, saying that’s the inventory prepared to dump. Both sides make sense, but neither is grabbing the key point: the breakout driven by a short squeeze has one-time fuel. Once the stop-loss orders have burned through, what matters next is whether real buying continues to carry the momentum.
My approach is simple. I won’t act above 1.50. I’ve already set a price alert at 1.44—if the price falls back below the triangle’s upper edge, it shows this was a false breakout. Then I’ll set the stop at 1.43; if it breaks down, I’ll exit immediately. Conversely, if the 1H timeframe can hold above 1.56 with two or more candles, that indicates the continuation funding is real. At that point, we can reassess the measured-move target at 1.60—no rush.
People chasing at 1.52 versus those waiting for confirmation at 1.56 differ by just 3% in price—but the difference is that one is paying for yesterday’s fuel, while the other is paying for today’s new capital. I choose the latter.
#XRP #Ripple
――― Direction: 1.50 is the line between long and short. If it holds above 1.56, we can then talk about 1.60. If it falls back below 1.44, I’ll treat it as weakening.
Now the two sides are fighting hard. The longs are telling stories with settlement/payment being realized and the “flip ETH narrative.” The shorts are watching exchange wallets for coin increases, saying that’s the inventory prepared to dump. Both sides make sense, but neither is grabbing the key point: the breakout driven by a short squeeze has one-time fuel. Once the stop-loss orders have burned through, what matters next is whether real buying continues to carry the momentum.
My approach is simple. I won’t act above 1.50. I’ve already set a price alert at 1.44—if the price falls back below the triangle’s upper edge, it shows this was a false breakout. Then I’ll set the stop at 1.43; if it breaks down, I’ll exit immediately. Conversely, if the 1H timeframe can hold above 1.56 with two or more candles, that indicates the continuation funding is real. At that point, we can reassess the measured-move target at 1.60—no rush.
People chasing at 1.52 versus those waiting for confirmation at 1.56 differ by just 3% in price—but the difference is that one is paying for yesterday’s fuel, while the other is paying for today’s new capital. I choose the latter.
#XRP #Ripple
