The cryptocurrency XRP has shown significant growth, increasing by 28% over the last week and achieving a market capitalization exceeding $182 billion.
Growth of XRP Cryptocurrency
XRP has risen by 28% over the past week and by 7% in the last 24 hours, solidifying its position as the third-largest cryptocurrency in the market.
Liquidations in the Markets
The rapid price increase of XRP triggered a wave of liquidations totaling $13.09 million in the past day. Notably, $10 million of those were from short positions, highlighting how traders betting against XRP were caught off guard. Long positions accounted for just over $3 million.
Future Prospects of XRP
XRP’s trading volume also surged to $8.45 billion in the past 24 hours, indicating increased interest from both retail and institutional participants. As momentum builds, XRP is once again drawing attention as one of the strongest performers among top-tier cryptocurrencies.
Given the current dynamics, XRP's future will depend on whether this rally can sustain itself or if it will lead to another period of market volatility.
