🚨 XRP RETURNS TO US$ 1.50 — BUT THE MARKET IS STILL SKEPTICAL
XRP regained strength this Monday and recovered the US$ 1.50 region, rising by approximately 7% over 24 hours.
But there’s an important detail: the move doesn’t seem to be driven exclusively by XRP.
📈 Bitcoin surged above US$ 85K, triggering a strong wave of liquidations of short positions. More than US$ 300 million in shorts were liquidated in about an hour, helping to accelerate the market rally — and XRP was one of the most benefited assets.
At the same time, Ripple confirmed today a partnership with Absa, a South African investment bank, to launch a digital asset custody structure that includes Bitcoin, XRP, and tokenized assets for institutional clients.
⚠️ The key point: XRP still needs to turn this move into sustainable demand. A rally caused primarily by liquidations can lose momentum once shorts are eliminated.
Now, the US$ 1.50–1.55 range is gaining importance for the market.
Is XRP just reacting to Bitcoin, or setting up a bigger recovery?
#xrp $XRP #crypto
XRP regained strength this Monday and recovered the US$ 1.50 region, rising by approximately 7% over 24 hours.
But there’s an important detail: the move doesn’t seem to be driven exclusively by XRP.
📈 Bitcoin surged above US$ 85K, triggering a strong wave of liquidations of short positions. More than US$ 300 million in shorts were liquidated in about an hour, helping to accelerate the market rally — and XRP was one of the most benefited assets.
At the same time, Ripple confirmed today a partnership with Absa, a South African investment bank, to launch a digital asset custody structure that includes Bitcoin, XRP, and tokenized assets for institutional clients.
⚠️ The key point: XRP still needs to turn this move into sustainable demand. A rally caused primarily by liquidations can lose momentum once shorts are eliminated.
Now, the US$ 1.50–1.55 range is gaining importance for the market.
Is XRP just reacting to Bitcoin, or setting up a bigger recovery?
#xrp $XRP #crypto
