$XRP just witnessed a notable long liquidation of $19.7K at the $1.351 level, signaling clear downside pressure during this move. Long liquidations like this usually occur when traders aggressively bet on upside continuation, but price fails to hold key support and accelerates downward instead. The liquidation at this zone suggests that $1.35 was acting as a psychological and technical level where many leveraged longs were positioned.

When such a sizable long gets wiped, it often adds extra selling pressure as forced market orders hit the book. This can briefly increase volatility and push price further down before any stabilization attempt. $XRP ’s move indicates that bulls were slightly overleveraged in the short term, and the market punished late entries expecting a bounce.

If price fails to reclaim the liquidation zone quickly, it can turn into resistance, while smart money watches for reduced open interest and cooling funding before considering fresh positions. Overall, this liquidation reflects bull exhaustion rather than trend reversal, but it does warn traders to stay cautious with leverage.

XRP

1.4265

+0.52%