Max Pain Zone Locks XRP in a $30 Million Trap
Main Idea
XRP is currently in a critical price range ($3-$3.10) where nearly $30 million in leveraged bets are at risk of liquidation, creating a high-pressure 'max pain' zone.
Key Points
1. Nearly $30 million in leveraged XRP bets are at risk of liquidation in the $3-$3.10 price range, known as the 'max pain' zone.
2. Short liquidations for XRP could be triggered if the price drops below $3.03, with high-leverage density observed around $3.05 to $3.10.
3. XRP's price has remained stagnant in this range for over 48 hours, indicating increasing pressure rather than relief.
4. A $3.67 short liquidation cluster poses additional risk, while another potential risk lies below $3.00.
Description
$30 million in XRP at risk as max pain zone narrows; Is popular cryptocurrency in trouble?
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