XRP longs liquidated nearly $39 million on November 8.
Original headlineXRP 多头 11 月 8 日爆仓近 3900 万美元
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XRP long liquidations reached nearly $39 million on November 8, dwarfing roughly $366,000 in short liquidations over the same period, according to CoinGlass data cited by BeInCrypto. The token fell about 14% over five consecutive sessions and was trading near $1.09 at the time of reporting, with futures open interest around $2.51 billion. The selloff matters because a daily close below $1 could activate a descending-triangle target of $0.86, while reclaiming $1.14 would be an early sign that selling pressure is easing. Traders are watching the $1 support level and the $1.14 resistance for the next directional signal.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
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XRP (XRP), CoinGlass, BeInCrypto
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