CandleFocus $36 Million Worth XRP at Risk of Liquidation: Report
2025-01-10
Author: Content Editor
XRP, the native token of Ripple Labs, is experiencing difficulties and faces the risk of liquidation. Data from Coinglass reveals that about $35.96 million worth of XRP is at risk due to market sentiment. The major liquidation areas are around $2.231 and $2.36. Traders are over-leveraged at these levels, indicating a bearish sign for XRP. The token is currently trading near $2.28 and has seen a price decline of over 1.35% in the past 24 hours. Trading volume has dropped by 31%. The continuous price fluctuations have formed a bearish pattern, suggesting a potential breakdown. If XRP fails to hold the neckline of this pattern and drops below $2.24, it could decline by 5% to $2.12, leading to the liquidation of long positions. However, if this does not happen, there may be an upside rally and price rebound in the future.
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