🚨 XRP whale longs $4.19M, just 7.7% away from liquidation!
A massive long position of $XRP worth ~$4.19 million, held by wallet 0x58f0…0d20, is at risk of liquidation. With 20x leverage, despite the large notional value, XRP only needs to drop another ~7.7% for this position to be liquidated, wiping out the ~$209.6K margin.
The whale is currently down nearly $512.3K. The liquidation price is $1.1773, very close to the current price of $1.2754. Will they try to hold on until the end or cut their losses to preserve their capital?
If it were you, what would you do when the fate of millions of dollars depended on just a few percentage points of movement in XRP’s price?
For informational purposes only, not investment advice. DYOR.
#XRP
A massive long position of $XRP worth ~$4.19 million, held by wallet 0x58f0…0d20, is at risk of liquidation. With 20x leverage, despite the large notional value, XRP only needs to drop another ~7.7% for this position to be liquidated, wiping out the ~$209.6K margin.
The whale is currently down nearly $512.3K. The liquidation price is $1.1773, very close to the current price of $1.2754. Will they try to hold on until the end or cut their losses to preserve their capital?
If it were you, what would you do when the fate of millions of dollars depended on just a few percentage points of movement in XRP’s price?
For informational purposes only, not investment advice. DYOR.
#XRP