A brutal loss of $5 million is trapping sellers, and a huge liquidation wave is on the way!
The coin $XRP
fell by -8.38% to reach 1.4678, but 169 whales involved in sell trades are fully trapped in the red, with losses exceeding -$5.01 million from entries at 1.4107[span_20](start_span)[span_20](end_span). Despite buyers slipping slightly, 292 whales control the buy side[span_21](start_span)[span_21](end_span).
Sellers are in a tight spot and will be forced to close their positions soon. I’m preparing to enter a buy trade to take advantage of the liquidation bounce before the market flips to strongly green!
The coin $XRP
fell by -8.38% to reach 1.4678, but 169 whales involved in sell trades are fully trapped in the red, with losses exceeding -$5.01 million from entries at 1.4107[span_20](start_span)[span_20](end_span). Despite buyers slipping slightly, 292 whales control the buy side[span_21](start_span)[span_21](end_span).
Sellers are in a tight spot and will be forced to close their positions soon. I’m preparing to enter a buy trade to take advantage of the liquidation bounce before the market flips to strongly green!
