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no one’s talking about this $610M XRP massacre—can bulls bounce back?! 📉🚀🔥
bro XRP just pulled a full send into the abyss, hope these bulls got some wings or they’re toast 📉💸🚀
classic case of overleveraged positions meeting market turbulence: the aftermath reveals a narrative shift from caution to renewed bullish sentiment, driven by a thirst for recovery
Key takeaways:
– XRP faced a major liquidation event with over $610 million in long positions liquidated on October 11, the largest in its history. 📉
– While open interest and funding rates stabilize, price developments remain volatile and cautious. 📊
Ripple’s XRP market is recovering after a significant wipeout, attracting renewed interest despite recent turmoil. Highly leveraged traders faced margin calls and stop-loss liquidations. Exchanges report a surge in long-term interest as traders anticipate a potential recovery. 🚀
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