$7M in XRP longs got liquidated overnight. Price dropped to $1.33, breaking below the $1.37 SMA.

Here is what that actually means.

Liquidation events like this flush out overleveraged positions fast. They look like breakdowns in the moment. But when they happen at historically significant support levels, they often clear the way for the next move up rather than down.

The monthly RSI is currently printing a 1-2-3 structure. The same one appeared before the 2020 rally. The same one appeared before 2023. Chaikin Money Flow dropped sharply but price is holding near a key zone.

Two levels matter right now. $1.45 on the upside, that reclaim confirms the next leg. $1.33 on the downside, losing it puts $1.00 in play.

Liquidation flushes at support are worth understanding before reacting to them emotionally.

Been watching this setup build for days. The pattern is familiar., token pulsar