XRP saw a 22% surge in just 24 hours to reach $1.26, with breaking news being widely shared about the liquidation of short positions ($2.2M nearly set to blow at $1.38). But remember the old rule, guys—do you? In March 3/2024, when BTC broke its ATH high with extreme euphoria, funding rates spiked, and what was the result? A straight 18% dump within a week to shake out all the FOMO buyers who chased the top. Now, a similar warning is clearly flashing in front of everyone.
Market Makers (MMs) never let retail get fed while prices are still fresh. They need liquidity to either accumulate inventory or push the price into a dead zone. Mass short liquidations are essentially the “torch” that lures the crowd into chasing buys, providing easy cash flow for smart money to distribute. If you keep riding the current momentum, chances are you’re turning into the liquidity source for the next pullback. Don’t let yourself become a victim of this technical pump.
What’s the safest strategy? Pull back and wait. Price needs to retest the strong support zone that the breakout model from July points to—specifically around $1.18 to $1.20. This is the golden zone to place a Limit Buy order, where the odds of entering profitably are extremely high and the risk of losses is cut down to the minimum. For extra safety, set a clean Stop Loss just below that support—around $1.15—in case a fake breakout happens.
Wait and see who stays calmer. Instead of wildly market buying at $1.26, set a limit and wait to catch the wave of the correction. A tsunami usually comes after a light breeze—don’t rush into the water before you know how deep it is. Safety comes first in this trick-filled market.
$XRP #BinanceSquare #CryptoNews
Market Makers (MMs) never let retail get fed while prices are still fresh. They need liquidity to either accumulate inventory or push the price into a dead zone. Mass short liquidations are essentially the “torch” that lures the crowd into chasing buys, providing easy cash flow for smart money to distribute. If you keep riding the current momentum, chances are you’re turning into the liquidity source for the next pullback. Don’t let yourself become a victim of this technical pump.
What’s the safest strategy? Pull back and wait. Price needs to retest the strong support zone that the breakout model from July points to—specifically around $1.18 to $1.20. This is the golden zone to place a Limit Buy order, where the odds of entering profitably are extremely high and the risk of losses is cut down to the minimum. For extra safety, set a clean Stop Loss just below that support—around $1.15—in case a fake breakout happens.
Wait and see who stays calmer. Instead of wildly market buying at $1.26, set a limit and wait to catch the wave of the correction. A tsunami usually comes after a light breeze—don’t rush into the water before you know how deep it is. Safety comes first in this trick-filled market.
$XRP #BinanceSquare #CryptoNews