XRP’s recent liquidation event revealed a staggering 5,744% imbalance in favor of long traders. Total liquidations reached 288,280 USD, with short traders suffering 283,440 USD in losses, as adjustments in market sentiment occurred.
Despite concerns over a possible bull trap, there is rising optimism for XRP, with analysts noting a potential breakout to 2.60 USD. An inverse head and shoulders pattern indicates possible bullish momentum, maintaining investor interest in XRP.
Leave a Reply