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Ripple Bulls Wrecked for $60M as XRP Flash Crashes to $3: Details


by Jordan Lyanchev
for CryptoPotato
Ripple Bulls Wrecked for $60M as XRP Flash Crashes to $3: Details

TL;DR

  • The entire cryptocurrency market turned red in the past hour or so, and Ripple’s cross-border payments token was not spared.
  • XRP plunged to a weekly low, leaving over $60 million worth of short and mostly long positions wrecked.
XRPUSD. Source: TradingView
XRPUSD. Source: TradingView

A lot can change in the digital asset space within the span of just 12 hours. Recall that XRP stood tall earlier today at over $3.3 as the overall sentiment was dominated by the bulls with calls for a new all-time high (currently at $3.65).

Read the article at CryptoPotato

Read More

XRP Approaching a Critical Level, Which Way are Ripple Traders Going This Week?

XRP Approaching a Critical Level, Which Way are Ripple Traders Going This Week?

XRP trades near $3 with a bullish flag setup. Analysts see a breakout above $3.15 pos...
XRP Surges to $3 But Faces $950M Sell Pressure: Can Bulls Push Toward $4 Next?

XRP Surges to $3 But Faces $950M Sell Pressure: Can Bulls Push Toward $4 Next?

XRP roared back above $3.00 in early Asian trading, reclaiming key psychological supp...

Ripple Bulls Wrecked for $60M as XRP Flash Crashes to $3: Details


by Jordan Lyanchev
for CryptoPotato
Ripple Bulls Wrecked for $60M as XRP Flash Crashes to $3: Details

TL;DR

  • The entire cryptocurrency market turned red in the past hour or so, and Ripple’s cross-border payments token was not spared.
  • XRP plunged to a weekly low, leaving over $60 million worth of short and mostly long positions wrecked.
XRPUSD. Source: TradingView
XRPUSD. Source: TradingView

A lot can change in the digital asset space within the span of just 12 hours. Recall that XRP stood tall earlier today at over $3.3 as the overall sentiment was dominated by the bulls with calls for a new all-time high (currently at $3.65).

Read the article at CryptoPotato

Read More

XRP Approaching a Critical Level, Which Way are Ripple Traders Going This Week?

XRP Approaching a Critical Level, Which Way are Ripple Traders Going This Week?

XRP trades near $3 with a bullish flag setup. Analysts see a breakout above $3.15 pos...
XRP Surges to $3 But Faces $950M Sell Pressure: Can Bulls Push Toward $4 Next?

XRP Surges to $3 But Faces $950M Sell Pressure: Can Bulls Push Toward $4 Next?

XRP roared back above $3.00 in early Asian trading, reclaiming key psychological supp...