XRP short sellers liquidated $1.25 million and rebounded to $1.95. Can the subsequent trend continue?

Question

【Crypto World】 Recently, XRP staged an exciting reversal — short traders were liquidated directly in a margin call event, with losses reaching up to $1.25 million. After this “bloodbath,” the XRP price quickly rebounded to around $1.95, and market enthusiasm clearly surged.

From the overall market perspective, this rebound is not an isolated event. As the broader market gradually recovers, investors’ attitude towards XRP has become more optimistic. Whether it’s trading volume activity or buyer participation, both are signaling that the market still has expectations for XRP’s prospects.

Of course, the liquidation event itself also reflects market volatility. But it is precisely this volatility that often attracts more traders’ attention. Whether the price can continue to rise depends on whether the market can sustain this enthusiasm and the overall trend of the broader market.

TradFiRefugee · Accepted Answer

Short squeeze of 1.25 million? Is this reversal really the end, is XRP about to take off?

RunWhenCut · Answer

1.25 million liquidation? Oh my goodness, this is exactly why I don't dare to hold a heavy position.

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Can XRP's recent rebound hold up? To be honest, I’m not very optimistic; the volatility is too high.

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Whenever a liquidation event occurs, those who follow the trend and buy are probably the bagholders, right?

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Watching others get liquidated actually makes me a bit happy. Is there something wrong with my psychology? Haha.

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Is 1.95 really the bottom? It feels like it can still fall further.

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Market enthusiasm? Let’s wait and see. If you jump in now, you'll just get cut.

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Friends who just entered the market, be careful. History always repeats itself.

AirdropAnxiety · Answer

Short position liquidation of 1.25 million? Haha, another feast for the leek holders. It seems XRP still has vitality.

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Can it hold the 1.95 level? To be honest, it looks a bit weak.

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There have been many liquidation events, but the key still depends on the market sentiment.

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I believe in XRP's rebound, but can it continue? Let's wait and see.

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1.25 million liquidated positions, those who are bearish this time are truly miserable.

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Enthusiasm is one thing, but I'm afraid it's just a flash in the pan.

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This reversal is a bit interesting, but I still need to observe.

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Active trading volume? Don't fool me, it looks just so-so.

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If XRP can really hold steady at $2, then there's hope.

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The shorts have given up, how long can the longs stay excited?

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Market expectations sound good, but I only trust the technicals.

PoetryOnChain · Answer

Shorts liquidation of 1.25 million? Hmm, yet another scene of retail investors being harvested

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$1.95 rebound... but can this reversal continue, or will it just fall back down

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Liquidation events are so satisfying, only leveraged traders get cut

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High volatility is a trader's paradise; there's always a way to make money

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Can XRP hold steady this time? Feels like a flash in the pan

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The optimistic ones are the ones not caught in a trap; those trapped are just waiting for a rebound to cut losses

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Market enthusiasm? Let's wait and see, another wave of liquidation coming

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If the price continues to rise, $2 might be the ceiling

potentially_notable · Answer

Shorts get wiped out, retail investors have new hopes, this trick has been played for years and is still being used.