XRP Surges to $1.62 Following $3.4 Million in Short Liquidations
Key Facts
XRP price rose 3.45% in one hour to 1.62 USDT driven by $3.4 million in short liquidations. TokenPost reported that the price spike was triggered by a wave of forced closures of bearish bets, which accelerated upward momentum for the asset.
The token gained 10.41% over a 24-hour period, bringing its market capitalization to approximately $99.5 billion and ranking it fifth among digital assets. The trend reflects a significant expansion in market value driven by the liquidation event.
Latest Updates · 1
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Update: XRP ETFs recorded $38 million in inflows on September 26, 2026, led by Bitwise. These inflows brought the total assets under management for XRP products to $1.70 billion, indicating sustained institutional interest in the digital asset.