XRP, DOGE, and TAO Face Liquidation Risks Amid Market Volati
XRP, Dogecoin (DOGE), and Bittensor (TAO) are facing significant liquidation risks as the crypto market enters the third week of February. XRP’s liquidation map indicates potential Long liquidations exceeding $200 million if prices fall to $1.30, while Short liquidations could reach $150 million if prices rise above $1.63. Recent selling pressure from Upbit has contributed to XRP’s volatility, with 50 million XRP net sold within 15 hours.
Dogecoin traders are also on alert, as Long liquidations could approach $90 million if DOGE drops to $0.091. The recent surge in DOGE exchange balances suggests investors are exiting positions amid rumors of the X Money launch. Meanwhile, Bittensor (TAO) could see Short liquidations exceed $13 million if prices rise above $283 following its listing on Upbit. Analyst Michaël van de Poppe anticipates a strong recovery for TAO, driven by AI-related market interest and new liquidity from Upbit.