XRP Price Down 13%, But Signs of a Reversal Surface
The post XRP Price Down 13%, But Signs of a Reversal Surface appeared on BitcoinEthereumNews.com. XRP price is now trading at $2.99 after falling over 13% in just one day. This sharp drop has broken below key support levels and is spooking the market. But if we examine deeper metrics, like liquidation maps and on-balance volume, there’s a chance this downtrend may be losing steam. Derivatives Market Shows Why XRP Might Have Crashed, And The Worst May Be Over XRP’s 13% crash might have been triggered by a wave of long liquidations. That means many traders who were betting on XRP to go up were using borrowed money. When the price started falling, their positions hit stop levels and got automatically sold by exchanges. This forced selling likely caused the sharp drop to $2.99. For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. XRP long vs short liquidations: Coinglass We can see this on the Bitget XRP-USDT Liquidation Map (7-day). The chart shows that most of those leveraged long positions have already been wiped out. Right now, there’s less than $100 million worth of long liquidations left, which is tiny compared to what was there earlier. This means most of the leveraged longs are already cleared out. With fewer long trades left to liquidate, the forced selling pressure might now be easing. In simpler terms, there’s not much more downside fuel left from this kind of panic-sell mechanic. That’s why this freefall could soon slow down. But there’s one more thing to watch: a huge wall of short liquidation levels building above $3.59. If XRP starts bouncing and pushes higher, those short positions might get squeezed next, triggering upside moves. The liquidation chart is from the derivatives market, and it helps explain when crashes might stop or when bounces could begin. Spot Market…
The post XRP Price Down 13%, But Signs of a Reversal Surface appeared on BitcoinEthereumNews.com.
XRP price is now trading at $2.99 after falling over 13% in just one day. This sharp drop has broken below key support levels and is spooking the market. But if we examine deeper metrics, like liquidation maps and on-balance volume, there’s a chance this downtrend may be losing steam. Derivatives Market Shows Why XRP Might Have Crashed, And The Worst May Be Over XRP’s 13% crash might have been triggered by a wave of long liquidations. That means many traders who were betting on XRP to go up were using borrowed money. When the price started falling, their positions hit stop levels and got automatically sold by exchanges. This forced selling likely caused the sharp drop to $2.99. For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. XRP long vs short liquidations: Coinglass We can see this on the Bitget XRP-USDT Liquidation Map (7-day). The chart shows that most of those leveraged long positions have already been wiped out. Right now, there’s less than $100 million worth of long liquidations left, which is tiny compared to what was there earlier. This means most of the leveraged longs are already cleared out. With fewer long trades left to liquidate, the forced selling pressure might now be easing. In simpler terms, there’s not much more downside fuel left from this kind of panic-sell mechanic. That’s why this freefall could soon slow down. But there’s one more thing to watch: a huge wall of short liquidation levels building above $3.59. If XRP starts bouncing and pushes higher, those short positions might get squeezed next, triggering upside moves. The liquidation chart is from the derivatives market, and it helps explain when crashes might stop or when bounces could begin. Spot Market…
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