XRP’s 2.60 USD level – Here’s why altcoin’s short sellers may be at risk

The 2.60 USD level for XRP is critical due to heavy short positions. Market makers might exploit this concentration, which raises the risk of a short squeeze, pushing XRP’s price significantly higher if it breaks through this level. Short sellers should be cautious, as a rise in XRP’s price could lead to forced buybacks, amplifying their ...

$2.60
OFF

XRP's $2.60 Level – Here's Why Altcoin's Short Sellers May Be At Risk

2 weeks from now

3 days ago · Currently, XRP is moving in a sideways range, which has been a characteristic of its price action over the past months. However, in the past weeks, XRP has broken through key resistance levels, which could signal the start of a new bullish trend. At the time of writing, XRP is trading above the $2.

ixfi.com

20%
OFF

XRP Price Risks 20% Reversal As Sellers Gain Ground

2 weeks from now

Jan 5, 2025 · Recent trading data shows that XRP is witnessing intense sell-side pressure. Is Ripple price at risk of double-digit losses in the ... In terms of short-term XRP price forecasts, …

coingape.com

$2.60
OFF

XRP’s $2.60 Level – Here’s Why Altcoin’s Short Sellers May Be At Risk

2 weeks from now

3 days ago · Quick Summary: XRP's $2.60 level is becoming a battleground, with short sellers at risk of liquidations. A decisive price move above $2.60 could trigger momentum traders, …

beamstart.com

$2.16
OFF

XRP Price Surge Faces Risk Of Correction: What You Need To Know

2 weeks from now

Dec 4, 2024 · XRP’s recent price movement has been nothing short of remarkable. The cryptocurrency climbed to impressive levels, surpassing $2.16, fueled by increased trading …

thecurrencyanalytics.com

74%
OFF

Why Traders Should Beware A Breakdown From THIS Level!

2 weeks from now

Aug 22, 2024 · XRP’s price fell by 1.74% on the charts within the past 24 hours, a move that brought it to the critical support level of $0.595. However, this level, previously broken during a …

ambcrypto.com

$0
OFF

XRP Flaunts Short Selling Opportunities Targeting $0.6 - CoinGape

2 weeks from now

Aug 15, 2023 · The fifth-largest crypto sits below all the major applied moving averages, starting with the 50-day Exponential Moving Average (EMA) (red) at $0.6295. the 100-day EMA (blue) …

coingape.com

350%
OFF

Solana Gets Rejection At $260 As XRP Pushes For A $2.5 Breakout ...

2 weeks from now

Dec 4, 2024 · While XRP (XRP) is looking at a significant breakout beyond $2.5, recording a 350% surge in just a month, Solana (SOL) is struggling at the $260 resistance level.

tribuneindia.com

$2
OFF

XRP Price Prediction: Can Ripple’s Token Break The $2 Mark

2 weeks from now

Nov 30, 2024 · Short-Term and Long-Term Outlook. While XRP has shown impressive short-term gains, the long-term trend appears equally promising. As of now, XRP’s weekly chart remains …

thecurrencyanalytics.com

$2.60
OFF

XRP’s $2.60 Level – Here’s Why Altcoin’s Short Sellers May Be At Risk

2 weeks from now

New York Attorney General files lawsuit seeking to recover $2.2 million in crypto used in alleged job scam

coinlive.com

FAQs about XRP’s 2.60 USD level – Here’s why altcoin’s short sellers may be at risk Coupon?

What's shaping XRP's price action?

EGRAG CRYPTO’s analysis identifies several key resistance and support levels that are shaping XRP’s price action. On the resistance side, $0.6450 is the first major hurdle. A move above this level could indicate early signs of bullish momentum. ...

How can XRP's price stability be influenced?

A move above this level could indicate early signs of bullish momentum. The next crucial resistance level is $0.85, the midpoint of Channel B, followed by $1.10, which represents the top of the channel. A monthly close above $1.10 could pave the way for a substantial upward movement. Support levels are equally critical for XRP’s price stability. ...

Will XRP's monthly close above $110 pave the way?

A monthly close above $1.10 could pave the way for a substantial upward movement. Support levels are equally critical for XRP’s price stability. The current price hovers near $0.48, a key support level that has been tested multiple times. Below this, $0.38 and $0.28 serve as additional support floors. ...

What are XRP's support levels?

Support levels are equally critical for XRP’s price stability. The current price hovers near $0.48, a key support level that has been tested multiple times. Below this, $0.38 and $0.28 serve as additional support floors. A drop to these levels could signal a deeper retracement, potentially stalling any bullish momentum. ...

How can short selling reduce the risk of unlimited losses?

It should be noted that one way to minimise the risk of unlimited losses when short selling is to implement ‘stop-loss’ orders. A stop-loss order is set at a specific price, and if the stock’s price reaches that level, the order is triggered and the position is automatically closed. ...

How much money did XRP traders lose?

Data from Coinglass shows XRP-tracked futures traders racked up a total of $58 million in losses as a U.S. judge ruled the sale of XRP tokens on exchanges did not constitute investment contracts. Of that, shorts, or bets against price rises, lost $33 million while longs constituted the remaining. ...