XRP surged 10% on June 15 as the total cryptocurrency market capitalization approached $2.4 trillion, while Bitcoin held steady at $67,000. However, daily transactions on the XRP Ledger subsequently dropped to 1.74 million by June 18. By June 23, a major trader on the Hyperliquid platform faced the risk of a sudden liquidation of an XRP position worth over $30 million.
