Bit360
06/14 11:43
Can XRP’s price hit $2.3 after $22M in liquidation
Can XRP’s price hit $2.3 after $22M in liquidations wreck the market?
Will XRP hold above $2 ahead of the FOMC meeting?
- XRP saw $22 million rekt positions during Thursday’s liquidation cascade
- The 200-day SMA will be a key level if the short-term bullish structure holds firm
On Thursday, XRP markets suffered a $22 million loss after fresh tensions in the Middle East sparked market-wide liquidations.
In particular, leveraged longs lost $20M compared to shorts’ $1.7M. However, the wreckage was relatively low, compared to the overall market bloodbath, which hit $1.16 billion.
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