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[Analysis: Xrp Formed A Double Top At $2.65, With $2 To $2.04 Seeing A $50 Million Long Leverage.] May 15Th, According To Cointelegraph, Based On Technical Analysis, Xrp Formed A Double Top At $2.65, With A Neckline At $2.47, And The Rising Wedge Has Broken Down. Technical Indicators Show That If The Price Continues To Fall Below This Level, The Next Downside Target Is $2.30, Indicating A Potential Pause In The Uptrend. If The Price Falls Below The Lower Support, It Could Accelerate The Drop By 20% To $1.94.In The $2 To $2.04 Range, There Is A $50 Million Long Leverage Position, Increasing The Risk Of Liquidation Pressure. The On-Chain Nupl (Net Unrealized Profit/Loss) Indicator Has Entered The "Belief-Denial" Zone, Historically Signaling A Significant Pullback, As Seen In 2018 And 2021. The Short-Term Long/Short Battle For Xrp Intensifies, With A Potential June Target Of $3.69 (+45%) If It Can Break Out Of The Multi-Month Falling Wedge, While A Symmetrical Triangle And Fibonacci Extension Point To A Long-Term Target Of $5.24
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