This is massive news for XRP traders! A big short squeeze has just triggered a liquidation of over $7.5K at the key price point of $3.1486, sending shockwaves through the market. But what does this mean for you?
🔍 **Here’s the Breakdown:**
📉 **What’s happening?** The liquidation at $3.1486 shows intense market pressure, signaling a possible shift in momentum for XRP. These movements are common during short squeezes, and this could be the beginning of a bullish run — if you're ready to jump in!
📍 **Buy Zone:** Look to enter around **$3.10 - $3.15**. This range offers solid support, and if the price holds steady, it could see a breakout in the near future.
🎯 **Target:** A good target price to aim for is **$3.50**, with potential to go even higher depending on market momentum. Keep an eye on any further signs of a strong bullish move.
🚨 **Stop Loss:** To minimize risk, place your stop loss at **$3.00**. This will help secure your position in case the market moves unexpectedly.
💡 **Why This Matters:** When liquidations like this occur, it often means big swings in price. By catching the trend early, you have a chance to ride the wave to profits — but remember to manage your risk!
