XRP has erupted to new yearly highs, crossing the $3.08 mark after an explosive rally that caught short traders off guard.
The token has surged over 28% in the past week and nearly 7% in the last 24 hours, pushing its market capitalization above $182 billion and solidifying its position as the third-largest cryptocurrency.
The rapid price escalation triggered a wave of liquidations, totaling $13.09 million in the past day. Notably, $10 million of those came from short positions—highlighting how traders betting against XRP were caught offside. Long positions accounted for just over $3 million, reflecting the bullish tilt of the market.
XRP’s trading volume also soared to $8.45 billion in the past 24 hours, suggesting intensified interest from both retail and institutional participants. As momentum builds, the asset is once again drawing attention as one of the strongest performers among top-tier cryptocurrencies.
With renewed optimism and an aggressive breakout underway, XRP’s path forward may hinge on whether this rally can sustain itself—or if it’s setting the stage for another volatile shakeout.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/xrp-surges-28-in-a-week-crossing-3-milestone/