#XRP shorts are building positions#
Hot Topic Overview
Overview
Currently, there is a large amount of short selling in the XRP market at $2.6, forming a huge liquidation zone. On-chain analyst Ali pointed out that market makers may try to take advantage of this area and conduct liquidation operations. This means that if the XRP price breaks through $2.6, short sellers will face huge losses, while market makers could potentially profit from it.
Ace Hot Topic Analysis
Analysis
A surge in short-selling activity has been observed in the XRP market recently, with analyst Ali pointing out that numerous XRP shorts have opened positions at $2.60, creating a substantial liquidation zone. This indicates that if XRP price breaks above $2.60, these shorts will be forced to cover their positions, leading to increased buying pressure and further price gains. Market makers might attempt to capitalize on this opportunity by buying XRP around $2.60 and selling it at higher prices. This phenomenon suggests potential bullish pressure in the XRP market and a possible price increase in the future.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
A large amount of XRP short positions were opened at $2.6, creating a significant liquidation zone.
Market makers may try to capitalize on this zone.
Many XRP shorts opened at $2.60, creating a huge liquidation zone.