CryptoMagnet
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Major Liquidations Hit XRP Traders 📉💔
XRP's recent price drop has led to significant liquidations in the futures market. Over the last 24 hours, more than $17.22 million in long positions were liquidated, according to data from CoinGlass. In contrast, only $8.56 million in short positions were liquidated during the same time. 💸
When long positions are liquidated, bullish traders are forced to sell, which puts additional downward pressure on the price. This situation is similar to the $72.6 million in long liquidations that occurred between December 18 and December 20, resulting in a 23% price drop that brought XRP down to $1.95. 📉🔻
#XRP #Xrp🔥🔥 #XRPPredictions
$XRP
XRP's recent price drop has led to significant liquidations in the futures market. Over the last 24 hours, more than $17.22 million in long positions were liquidated, according to data from CoinGlass. In contrast, only $8.56 million in short positions were liquidated during the same time. 💸
When long positions are liquidated, bullish traders are forced to sell, which puts additional downward pressure on the price. This situation is similar to the $72.6 million in long liquidations that occurred between December 18 and December 20, resulting in a 23% price drop that brought XRP down to $1.95. 📉🔻
#XRP #Xrp🔥🔥 #XRPPredictions
$XRP
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