#Write - Record liquidations in XRP generate bullish pressure.
In a crypto market in perpetual turmoil, XRP has stood out for a significant movement. In just a few hours, the break of resistance at $0.57 and a massive wave of liquidations have altered the balance of forces. This double event, combining buying pressure and selling capitulation, puts XRP back in the spotlight.
In a crypto market in perpetual turmoil, XRP has stood out for a significant movement. In just a few hours, the break of resistance at $0.57 and a massive wave of liquidations have altered the balance of forces. This double event, combining buying pressure and selling capitulation, puts XRP back in the spotlight.
"$2.60 million were liquidated from the side of traders betting on the rise," the report specifies. Meanwhile, short positions only suffered losses of $1.49 million, creating a 69% imbalance in the XRP futures market.