#XRPETF The XRP breaks through a key resistance and creates a 69% imbalance in liquidations!
In a constantly bustling crypto market, XRP has stood out with a movement of rare magnitude. In just a few hours, the break of the resistance at $0.57 and a massive wave of liquidations have disrupted the balance of forces. This double event, combining buying pressure and selling capitulation, puts XRP back in the spotlight.
In summary
XRP surpasses a major technical resistance by exceeding $0.57, marking a decisive turning point for the asset.
Positions on XRP have been liquidated, revealing a strong imbalance of 69% in the derivatives market.
The break of resistance has triggered a wave of hedging purchases, amplifying the initial price increase of XRP.
The maintenance of momentum will depend on the ability of volumes to support the bullish pressure observed in the market.
