XRP faces critical liquidation test with high probability of drop

XRP is trading at $1.2505, testing the critical $1.2292 long liquidation level with a 54% probability of a move to that mark within 24 hours, according to CoinGlass derivatives data. The asset closed October with a decline of almost 19%, a drop attributed primarily to the $6.3 billion hack of the Binance exchange that impacted the broader cryptocurrency market. CoinGlass data indicates that XRP is currently pinned to the floor of its recent trading range. At the current rate of $1.2505, the critical level for long liquidations sits at $1.2292.

Source: The Currency Analytics