XRP surged 8.4% in 24 hours to break above the $1.40 level, pushing its market capitalization to approximately $88 billion. Roughly $10.41 million in leveraged positions were liquidated during the same period, with shorts accounting for $8.05 million, or 77% of total liquidations. XRP futures trading volume reached $5.51 billion, more than four times the spot trading volume of $1.29 billion. Open interest stands at $3.05 billion, indicating that traders are opening fresh leveraged positions rather than merely closing existing ones. On Binance, the long-to-short ratio reached 2.37, reflecting overwhelmingly bullish positioning. XRP has gained nearly 40% over the past 30 days but remains down approximately 24% year-to-date.
Source: Read the original article
