#市场围绕90K
XRP forced liquidation of long positions reached $233,000, and the price stopped at $1.091
Massive forced liquidation alert!
XRP price suddenly plunged, and more than $233,000 of long positions were forced to be liquidated at $1.091.
This wave of operations caught many traders off guard. The market suddenly reversed, just hitting those traders who opened leveraged positions, and XRP just hit a key price.
The situation is like this:
After the key support level of $1.091 was broken, multiple exchanges triggered a series of automatic forced liquidations.
Highly leveraged long positions were locked in, selling intensified, and prices fell further, leading to more forced liquidations - if the price reversed, there might be a short-term squeeze.
Although the forced liquidation amount of $233,000 does not seem large in the overall situation, the impact on short-term market sentiment and liquidity is not small.
What will happen to XRP next?
The market is testing new lows, and we may see more liquidations in the next few hours.
The $1.09 level has been lost, and traders should be careful. Price fluctuations are expected to intensify further, especially when large traders are active.
Professional traders note: If you hold XRP or actively trade in this range, you must keep an eye on key prices and adjust your risk management strategy.
The market is volatile, and there will be big moves later.
Stay vigilant and don't be caught off guard again.
This market rewards those who can adapt quickly.
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