Ripple (XRP) price slipped from a daily high of $2.24 to a daily low of $2.13 on May 1, as traders reacted to news around the failed acquisition of USDC stablecoin issuer Circle. This dip triggered a liquidation imbalance, as some traders with open long positions were forcefully closed, causing a surge in sell-side pressure. However, after this crash cleared key liquidation levels below the price, Ripple seems ready for a bullish recovery to $3.
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