XRP Price Prediction: Long Squeeze Drags XRP to $1.15, the Level That Decides

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Analysis: XRP fell to $1.1518 early on Saturday, its lowest level since August 20, after a long squeeze forced $16 million of positions shut. Yet on OKX, 4.3 long accounts still face every short account, and below the price sits a band with almost no trading history.A chain of forced liquidations pushed XRP below the $1.19 zone overnight.Add as a preferred source on GoogleFollow on Google NewsXRP left the zone around $1.19 overnight into Saturday, a level where the price had turned higher three times since October 30. On OKX, XRP dropped as low as $1.1518 early on Saturday, its weakest level since August 20, and traded at $1.169 at around 7:40 a.m. CET. What the data show: on Friday, long positions worth more than $16 million were forcibly closed, according to CoinGlass, and yet more OKX accounts than at any point this autumn are betting on rising prices. Our assessment follows further down: the sell-off did not remove leverage from the market, it merely shifted it. Where the pr...