XRP Surges to $1.62 Following $3.4 Million in Short Liquidations

Key Facts

1XRP price rose 3.45% in one hour to 1.62 USDT driven by $3.4 million in short liquidations.

2The token gained 10.41% over 24 hours, bringing its market capitalization to approximately $99.5 billion.

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.