7h ago

XRP jumps 41% intraday to $1.39, triggering $1.25B in short liquidations

AI Market Summary

XRP saw an abrupt 41% intraday surge from below $1 to ~$1.39, coinciding with roughly $1.25B in short liquidations and reported whale accumulation of ~300M XRP. The move suggests a squeeze-driven rally amplified by aggressive spot demand, tightening near-term liquidity and raising volatility and funding/positioning sensitivity across XRP-linked venues.

Impact level

● High

Affected assets

XRP/USDT+11.46%

AI Insight · XRP/USDTAI Insight

▲ Bullish

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XRP swung sharply intraday, surging from below $1 to $1.39 for a 41% move. The rally triggered liquidations of roughly $1.25B in short positions. On-chain data show whale addresses accumulated about 300M XRP, reshaping supply-demand dynamics in a short span.

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