😱 Explosive Madness! XRP Breaks Resistance Level, 69% Liquidation Chaos - Is the Next Stop $3? 🚀🔥
Ripple (XRP) is a resilient altcoin that has broken through key resistance levels, triggering $4.08 million in liquidations within 24 hours. CoinGlass data shows that long traders suffered heavily, with losses of $2.6 million, while short traders lost $1.49 million, leading to a futures liquidation imbalance rate of 69%. XRP briefly touched $2.22 before a significant pullback caught long traders off guard.
A large number of long liquidations indicate a surge in market optimism, largely driven by expectations that XRP will break free from SEC legal constraints. A potential golden cross pattern suggests that XRP is poised for a significant breakthrough. As of now, XRP's trading price is $2.20, up 2.08% in 24 hours, but trading volume has decreased by 17.54% to $3.23 billion.
Weak buyer support increases the risk of a pullback; if momentum is not maintained, the price could fall to $2 or lower. However, XRP's resilience and its listing on Japan's Mercoin (with user numbers reaching 20 million) support its prospects. The $2.50 level remains crucial.