🔥 What is driving the movement? 📈
-Strong short squeeze: short position liquidations have accelerated the rise.
-Whale accumulation: several reports point to purchases of around 300 million XRP over the past few days.
-Greater institutional interest: Goldman Sachs reported approximately $86.5 million in holdings of XRP-related ETFs.
-New utility for XRPL: Ripple is working with Clearpool and Cicada Partners on institutional lending infrastructure on the XRP Ledger, using RLUSD.
$XRP $XLM $RLUSD
-Strong short squeeze: short position liquidations have accelerated the rise.
-Whale accumulation: several reports point to purchases of around 300 million XRP over the past few days.
-Greater institutional interest: Goldman Sachs reported approximately $86.5 million in holdings of XRP-related ETFs.
-New utility for XRPL: Ripple is working with Clearpool and Cicada Partners on institutional lending infrastructure on the XRP Ledger, using RLUSD.
$XRP $XLM $RLUSD