#XRP shorting is on the rise.#

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Overview

Currently, there is a large amount of short selling in the XRP market, forming a huge liquidation zone at the $2.6 price point. On-chain analyst Ali points out that market makers may attempt to exploit this zone, which could lead to XRP price fluctuations.

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Analysis

Recently, there has been a significant buildup of short positions in the XRP market. Analyst Ali points out that many XRP shorts have opened positions at $2.60, creating a massive liquidation zone. This means that if the XRP price rises above $2.60, these short positions will be forced to close, leading to further market gains. Market makers may try to capitalize on this opportunity by buying XRP. This phenomenon indicates potential bullish pressure in the XRP market, suggesting potential price increases in the future.

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A large number of XRP shorts are building positions at $2.6, forming a sizeable liquidation zone.

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Market makers may attempt to take advantage of this area.

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Market makers may try to capture this liquidation zone.

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