XRP Teeters on Edge: 4% Drop Could Trigger $60M Liquidation Bloodbath
Crypto traders clinging to XRP positions are sweating bullets—a mere 4% dip from current levels would force $60 million in leveraged longs to evaporate. The coin’s clinging to critical support like a day trader clinging to their last Starbucks venti.
Liquidation thresholds loom like guillotines: Binance and Bybit traders hold the most vulnerable positions, with cascading liquidations likely if $0.52 support cracks. Market makers are already licking their chops at the prospect of harvesting stop-loss orders.
Meanwhile, ’institutional adoption’ narratives ring hollow as yet another altcoin dances to Bitcoin’s tune. Funny how decentralized finance still hinges on a handful of whale wallets moving price—almost like traditional finance, but with more memes.
