XRP currently trades at 2.12 USD, reflecting an impressive 11.36% gain over the past month. This upward trajectory, however, comes with a caution as volatility could emerge.
A drop of 4% to 2.063 USD could trigger liquidations exceeding 60 million USD. A significant volume of long positions lies in the critical zone between 1.90 USD and 2.10 USD.
In light of this, traders on platforms such as Bybit, Binance, and OKX should consider lowering their leverage or implementing stop-loss orders to mitigate risks associated with potential price drops.
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