Regulation· ★★★★· neutral·

XRP shorts worth $9.46M face liquidation ahead of CLARITY Act vote

  • —The maximum pain point for XRP shorts is $1.4644, and a 5.08% gain would trigger liquidations
  • —XRP futures open interest on Binance rose to $425.98 million, with trading volume doubling
  • —Short liquidations on Binance have already exceeded $1.67 million in a day
  • —If the vote passes, the technical target is $1.60; if it fails, support sits at $1.31–1.35
Why it matters: The outcome of the CLARITY Act vote will be a binary trigger for XRP, with the Fed meeting that follows promising sharp volatility.
#XRP
Source: U.Today
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