XRPin the last 24 hours with the rise of over 2.5 percent draws attention. However, in the hourly graph, there are extraordinary liquidations that cause heavy losses to Long position holders on crypto currency derivative platforms. To CoNSS data according to In the XRP, only a total of $ 803 thousand in the last 1 hour, and almost all of this took place in long positions. This imbalance of 366 thousand 941 shows that Short -oriented investors survived by a symbolic liquidation of $ 219. The price triggered the liquidation of the recovery from $ 3,10 to $ 3,20, while the daily transaction volume increased by 62.7 percent to 6.6 billion dollars.
Hourly liquidations shook XRP
Most of the liquidations in the XRP took place simultaneously with purchases from $ 3,10. AltcoinInvestors who prefer to take a long position also lost 803 thousand 170 dollars in minutes with the effect of leverage. The damage to Short -oriented transactions was only $ 218. This striking difference was caused by the liquidation stuck during the price recovery and revealed an unbalanced risk distribution in the market.
Despite the hourly sales wave in question, XRP, CoinMarketcap according to data The news is traded for $ 3.26 at the time of preparation. Increasing volume indicates that some investors consider withdrawal as an opportunity to purchase. Analysts emphasize that the aggressive liquidations seen in low time periods are not enough for the precise direction determination, but that they should be cautious in leveraged processes. Crypto investors’ application – the reason will surprise you!
Whale transactions support price rise
In parallel with the price rise in the XRP, Blockchain data shows that the whale levels are activated again. A mysterious whale according to data Hyperliquid 5 million 175 thousand 112 units on the stock market opened the position of XRP. The investor, who purchased $ 16.62 million at an average cost of $ 3.20, used 2 × isolated leverage.
Before this move, Whale Alert, the transfer of $ 53.4 million moved to Coinbase reported. Popular analyst Ali MartinezIn the same period, whales collect 130 million XRP during the fall. Despite the short -term sales pressure in the price with the continuation of the accumulation tendency, the expectation of rise in the medium term is strengthened. However, investors should not ignore the risk of a rapid liquidation as it is today.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
