XRP Long Positions Liquidated for Nearly $39 Million on Nov. 8

TechFlow, Nov. 10 — According to BeInCrypto, CoinGlass data showed that XRP leveraged long positions saw nearly $39 million in liquidations on Nov. 8, while short positions saw about $366,000 in liquidations the same day.

The report noted that XRP has declined about 14% over five consecutive days, with the price at about $1.09 at the time of reporting and futures open interest valued at about $2.51 billion. The article said that if XRP closes below $1 on the daily chart, the descending triangle pattern's target could point to $0.86; reclaiming $1.14 could be an early signal that selling pressure is easing.

Source: TechFlow