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BREAKING: XRP’s $3.28 billion unlock threatens market stability at $3.50 – will short positions survive the squeeze?!
bro, xrp vs solana?! $3.50 resistance?? $3.28B unlockin’ like a movie plot twist 🤯
classic narrative arbitrage unfolding here: XRP’s strong market indicators face supply shock as billions unlock, posing downward pressure despite institutional interest: short-term price
Main to remember: 📈 XRP’s long-term volume and open interest peak suggest market strength. However, the unlocking of billions from unknown wallets may introduce selling pressure. XRP closed at $3.1879 post-SEC news, with high institutional activity. 🏦 Futures activity surged, with XRP leading in 24-hour gains and open interests. Positive funding rates indicate potential for buyers to dominate. Short positions at risk of liquidation if XRP breaches $3.50. Traders cautious amidst uncertainty. 🤔 Source: abbe / x case
High-level orders at risk: 📉 $150 million in short positions risk liquidation around $3.27-$3.37 levels. Price breaking $3.50 could trigger short pressure. Fewer positions seen below current levels, indicating bullish sentiment but with smaller scale than sell orders. Source: Coringlass
Unlocking of XRP threatens supply shock: 💰 On August 9, over $3.28 billion in XRP unlocked, potentially adding selling pressure. Historical data shows such events impacting XRP prices negatively. Traders advised caution, waiting for clearer market direction before large positions. Source: X
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Will XRP contracts exceed Solana – will $ 3.28 billion will unravel the costs of $ 3.50?
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