$XRP has pushed back above $1.40, gaining about 7 to 8% as Bitcoin reclaimed the $80K level and the broader crypto market moved higher.
Spot XRP volume reached around $1.36B, while roughly $8.05M in short positions were liquidated, accounting for about 77% of XRP’s total liquidations during the period.
XRP futures volume reached about $5.7B, nearly four times spot volume, showing that leverage is driving much of the current price move.
With BTC also moving above $80K and XRP recovering from its recent lows, traders are now watching whether spot demand can keep supporting the move as the heavy futures positioning remains in the market.
#Ripple #XRP #Altcoin Season#
Spot XRP volume reached around $1.36B, while roughly $8.05M in short positions were liquidated, accounting for about 77% of XRP’s total liquidations during the period.
XRP futures volume reached about $5.7B, nearly four times spot volume, showing that leverage is driving much of the current price move.
With BTC also moving above $80K and XRP recovering from its recent lows, traders are now watching whether spot demand can keep supporting the move as the heavy futures positioning remains in the market.
#Ripple #XRP #Altcoin Season#