๐จ $XRP SELLERS ARE TURNING UP THE PRESSURE! $148K IN LONGS WIPED OUT AT $1.192! ๐ด
A serious shakeout has hit the XRP market! Nearly $148,000 in leveraged bullish positions were liquidated around $1.192. This suggests that buyers are struggling to maintain control, putting the next support test in focus.
๐ Liquidation Intelligence
- Asset: $XRP (Ripple)
- Liquidation Side: Long
- Total Wiped Out: $148,000
- Liquidation Price: $1.192
โ๏ธ The XRP Price Battlefield
- $1.192 โ Key Recovery Barrier: Bulls need to reclaim this level to regain short-term strength.
- Bearish Continuation: Staying below $1.192 could keep downward pressure active.
- Downside Trigger: A confirmed breakdown below nearby support may accelerate selling.
- Bullish Comeback: A strong recovery above $1.192 with rising volume could trigger a relief rally.
๐ฏ My Trading Perspective
My immediate bias leans bearish while XRP remains below $1.192. The latest $148K liquidation highlights pressure on leveraged buyers, and another downside test cannot be ruled out.
Trade Setup: Watch for a failed reclaim of $1.192 before considering a short opportunity. If XRP moves back above this level and holds firmly, the bearish scenario loses strength.
#CanUSStocksReboundAfterNonfarmPayrolls? #BinanceReopensWithdrawalsForMoreAssets #Nasdaq100FuturesRise1.4% #AnthropicIPOValuationDoubts #HyperliquidStrategiesHolds38.52MillionHYPE
A serious shakeout has hit the XRP market! Nearly $148,000 in leveraged bullish positions were liquidated around $1.192. This suggests that buyers are struggling to maintain control, putting the next support test in focus.
๐ Liquidation Intelligence
- Asset: $XRP (Ripple)
- Liquidation Side: Long
- Total Wiped Out: $148,000
- Liquidation Price: $1.192
โ๏ธ The XRP Price Battlefield
- $1.192 โ Key Recovery Barrier: Bulls need to reclaim this level to regain short-term strength.
- Bearish Continuation: Staying below $1.192 could keep downward pressure active.
- Downside Trigger: A confirmed breakdown below nearby support may accelerate selling.
- Bullish Comeback: A strong recovery above $1.192 with rising volume could trigger a relief rally.
๐ฏ My Trading Perspective
My immediate bias leans bearish while XRP remains below $1.192. The latest $148K liquidation highlights pressure on leveraged buyers, and another downside test cannot be ruled out.
Trade Setup: Watch for a failed reclaim of $1.192 before considering a short opportunity. If XRP moves back above this level and holds firmly, the bearish scenario loses strength.
#CanUSStocksReboundAfterNonfarmPayrolls? #BinanceReopensWithdrawalsForMoreAssets #Nasdaq100FuturesRise1.4% #AnthropicIPOValuationDoubts #HyperliquidStrategiesHolds38.52MillionHYPE