$XRP A significant short position on Bybit was liquidated, involving approximately $67,800 at an XRP price of $2.71. This event indicates a strong upward movement in XRP's price, causing short sellers to close their positions.
Buy Zone: Considering the current market trend, a potential buy zone could be between $2.65 and $2.70. This range offers a balance between potential upside and manageable risk.
Target: Short-term traders might aim for a target of $2.80 to $2.85, capitalizing on recent bullish momentum. Long-term investors could set higher targets depending on broader market conditions and personal investment goals.
Stop Loss: To manage risk, consider placing a stop loss around $2.60. This level helps protect against unexpected downward movements.