XRP hits 7-month high despite $109M liquidations — What happens next?

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XRP reached a seven-month high of $1.67 before retracing to $1.5114, while still holding a 15% daily gain. Daily net inflows into XRP ETFs hit $18.3 million, their highest level in three months, with Bitwise accounting for $16.9 million. Whales reduced their transfers to exchanges, suggesting limited selling pressure. However, over $109 million in positions were liquidated within 24 hours, including $59.7 million in long positions and $49 million in short positions, while open interest climbed 10% to $3.68 billion.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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