$XRP Short Liquidation: $5.4259K at $2.0731
A $5.42K short liquidation at $2.0731 shows sellers failed to maintain pressure below a key resistance, causing over-leveraged shorts to get forced out. This liquidation event pushes price higher and traps sellers above the breakout zone, turning it into a potential support level where trapped shorts may buy back on dips to close their positions.
Next Move
Staying above $2.045–$2.078 keeps short traders underwater and supports further bullish continuation as they are forced to exit on each pullback.
Targets Bullish Follow-Through
TG1: $2.103
TG2: $2.141
TG3: $2.188
Pro Tip
Avoid buying at the breakout candle. Wait for a controlled pullback into $2.045–$2.078, and only enter if a strong bullish rejection forms. This prevents FOMO entries and protects against false breakouts.
