XRP Whale Teeters on Edge as Price Plunge Threatens $8 Million Liquidation

Crypto’s latest casualty? A big-money XRP holder staring down the barrel of an $8 million margin call after Ripple’s token took a nosedive. The market giveth—and the exchanges taketh away.

Whale watching turns into whale wrangling as leveraged positions unravel. Another day, another crypto ’hedge’ that looks more like a gamble. Remember folks: in decentralized finance, the only thing truly decentralized is the risk.

XRP price analysis: Will his trade be liquidated?

The daily chart bellow shows that the Ripple price continues its downward trend and has moved below the 50-day moving average.

The MACD indicator has dropped and is about to MOVE below the zero line. The Money Flow Index has also pointed downwards. 

The trader will be liquidated if the price drops to $1.3949. Risk of liquidation will be confirmed if it drops below two levels: $2 and $1.6129. $2 is a psychological level that coincides with the ascending trendline, while $1.6129 is its lowest swing on April 7.