XRP Price Dips to $2 Liquidation Zone Amid Short Pressure

The XRP price is currently dipping into a crucial $2 liquidation zone amid increasing short pressure. Long positions are being liquidated while shorts are accumulating, leading to a rise in open interest that suggests a potential short squeeze. Analysts believe that breaking below $2 could trigger a fresh price rally for XRP. A recent technical analysis indicates that XRP has retraced into a key liquidity zone near $2, sparking speculation about a bullish reversal. As XRP entered this zone, a significant number of long positions were liquidated, causing a spike in sell pressure. Despite the downturn, the Open Interest metric rose, hinting at new positions being opened. This scenario could potentially lead to a short squeeze if the price reverses, resulting in a rapid price rally. Overall, breaking below $2 could pave the way for a bullish reversal in XRP's price. Market experts forecast a bullish run for XRP, with a bold prediction of a $46 all-time high by 2025.

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