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XRP Price Faces New Risk After $40 Million Flash Liquidation

XRP Price Faces New Risk After $40 Million Flash Liquidation
AI summary

XRP broke down from a descending triangle pattern and is heading toward $1 after a $40 million flash liquidation event. Long liquidations hit a 30-day high, signaling heavy forced selling among leveraged bulls. Traders will watch whether $1 holds as support, since a break below could accelerate the downtrend.

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