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$782 Million Liquidation Tsunami Punishes XRP Bulls: Bottom Hit?
XRP’s price collapsed by over 16% in a single period under review, plummeting to a local low of $2.17. Despite the drastic drop, XRP managed to recover by more than 11% during today’s trading session.
As reported earlier, the XRP chart is eerily reminiscent of a popular meme, leaving many wondering if the price will continue its downward trajectory. However, according to expert trader Gamza Khanzadaev, it remains uncertain whether the market has seen the end of this collapse or not.
Khanzadaev emphasizes that the market will continue to dump traders who fail to manage risk effectively. In light of recent events, we are left with more questions than answers regarding XRP’s future performance.
Stay tuned for further updates on the situation and any potential changes in the cryptocurrency market.
Source: u.today
