#XRP shorts are building positions#
Hot Topic Overview
Overview
Recently, there has been a significant amount of short-selling activity in the XRP market, particularly around the $2.6 price point, forming a large liquidation zone. On-chain analyst Ali points out that market makers may attempt to capitalize on this zone. This means that if XRP price breaks above $2.6, a large number of short positions will be forced to close, driving the price further upwards.
Ace Hot Topic Analysis
Analysis
Recently, a large number of short positions have been opened in the XRP market. Analysts point out that these short positions are concentrated at the price of $2.6, forming a huge liquidation zone. This means that if the XRP price breaks through $2.6, these short positions will be forcibly liquidated, which will lead to a further increase in the price. Market makers may try to take advantage of this opportunity by buying XRP to profit. This phenomenon has raised market attention to the price trend of XRP. Some analysts believe that the XRP price is expected to break through $2.6, while others believe that market makers may manipulate the price to avoid liquidation. Ultimately, the price trend of XRP will depend on market supply and demand and investor sentiment.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
A
large
amount
of
XRP
shorts
entered
at
$2.60,
creating
a
fairly
large
liquidation
zone
that
market
makers
may
try
to
take
advantage
of.
Market
makers
may
try
to
capture
this
liquidation
zone.