The article discusses the current state of XRP's price and its potential for recovery. It mentions that XRP has been facing a significant decline, causing potential losses for traders. The liquidation map reveals a large volume of short positions, reflecting skepticism in the market. The Average Directional Index (ADX) indicates that the bearish trend is still strong, potentially creating resistance for XRP's recovery efforts. The article mentions that if XRP manages to break through the resistance at $2.70, it could see further gains, but there may be significant resistance. If bullish market cues outweigh bearishness, XRP could successfully breach the resistance and set the stage for a sustainable recovery.
Content Editor ( beincrypto.com )
- 2025-02-13
XRP Price’s Recovery Threatens $400 Million Liquidations For Traders
