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Short liquidations stack at $2.17 billion above XRP, Armando Juan Pantoja notes

Short liquidations stack at $2.17 billion above XRP, Armando Juan Pantoja notes
XRP faces $2.17 billion liquidation risk

Armando Juan Pantoja points to significant activity in the XRP market, highlighting $2.17 billion in short liquidations positioned above the current price.

A prominent liquidation barrier remains at $1.35, which has yet to be breached. According to Pantoja, current conditions suggest heightened volatility ahead, with potential risks for bearish traders and those holding weak positions.

Pantoja has previously stated that most investors would benefit more from buying quality assets and holding them than from day trading. He also noted a surge of over 120 percent in RDW after mentioning the asset at events in New York City and Dallas, according to a prior report. His recent commentary on XRP follows a pattern of highlighting notable market movements.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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