#XRP shorts are building large positions.#

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Overview

Recently, there has been a significant amount of short-selling in the XRP market. Analysts point out that many shorts have entered positions at $2.60, creating a massive liquidation zone. This means that if XRP breaks through $2.60, these shorts will be forced to cover their positions, leading to a surge in buying pressure and further pushing the price up. Market makers might attempt to capitalize on this opportunity and profit from the liquidation zone.

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Analysis

Recently, the XRP market has seen a large number of short positions being established, attracting market attention. On-chain analyst Ali pointed out on social media that many XRP shorts opened positions at $2.60, creating a large liquidation zone. This means that if the price of XRP breaks through $2.60, these shorts will face huge losses, potentially triggering a chain reaction. Market makers may try to seize this opportunity by buying XRP to drive up the price, further amplifying the shorts' losses. This phenomenon indicates that the XRP market carries significant volatility risks, and investors need to operate cautiously and closely monitor market dynamics.

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A large number of XRP short positions have been built up at $2.6, creating a significant liquidation zone.

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Market makers may try to scoop up this area.

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Market makers may try to capture this liquidation zone.

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