$XRP Is Facing Sudden Pressure 😳 Here's Why !! 😲
If you look at the liquidation heatmap for XRP right now, the market is highly volatile following the official start of the new month. The token has taken a sharp hit alongside the broader market, and there is a huge pool of unprotected retail long liquidity sitting down at $0.95.
High-volume VSA (Volume Spread Analysis) charts show that Ripple just executed its programmatic monthly escrow release, unlocking exactly 300 million XRP into circulation while locking 700 million back up. Even though this happens every month, nervous retail traders are panicking over the added supply, especially with major European exchanges rapidly delisting non-compliant stablecoins like Tether’s USDT today under the strict new MiCA rules. Whales are actively capitalizing on this panic to flush out leveraged positions.
I am waiting for one final downside sweep into the $0.95 – $0.98 zone to completely clear out the late longs. Once that liquidity is grabbed and the initial stablecoin confusion settles, I'll be looking to build long positions targeting a sharp relief bounce back toward $1.12 – $1.20.
📉 For Future Traders: You can look for short scalps on any weak relief retests of the $1.04 – $1.06 resistance flip, targeting the lower liquidity pool using tight stop-losses.
Are you panic-selling your bags or is this the ultimate July entry zone for the XRP Army? Let me know your exact buy orders in the comments below! 👇
#XRP #Ripple #CryptoTrading #TechnicalAnalysis #Altcoins #binanceWrite2Earn #CryptoNews
If you look at the liquidation heatmap for XRP right now, the market is highly volatile following the official start of the new month. The token has taken a sharp hit alongside the broader market, and there is a huge pool of unprotected retail long liquidity sitting down at $0.95.
High-volume VSA (Volume Spread Analysis) charts show that Ripple just executed its programmatic monthly escrow release, unlocking exactly 300 million XRP into circulation while locking 700 million back up. Even though this happens every month, nervous retail traders are panicking over the added supply, especially with major European exchanges rapidly delisting non-compliant stablecoins like Tether’s USDT today under the strict new MiCA rules. Whales are actively capitalizing on this panic to flush out leveraged positions.
I am waiting for one final downside sweep into the $0.95 – $0.98 zone to completely clear out the late longs. Once that liquidity is grabbed and the initial stablecoin confusion settles, I'll be looking to build long positions targeting a sharp relief bounce back toward $1.12 – $1.20.
📉 For Future Traders: You can look for short scalps on any weak relief retests of the $1.04 – $1.06 resistance flip, targeting the lower liquidity pool using tight stop-losses.
Are you panic-selling your bags or is this the ultimate July entry zone for the XRP Army? Let me know your exact buy orders in the comments below! 👇
#XRP #Ripple #CryptoTrading #TechnicalAnalysis #Altcoins #binanceWrite2Earn #CryptoNews