XRP spot volume rises to $1.36B, price gains 7% to $1.41
- —XRP spot volume reached $1.36 billion over 24 hours, with total turnover around $4.9 billion (+90%)
- —$8.05 million in shorts liquidated versus $2.36 million in longs
- —XRP futures volume stands at $5.71 billion, 4 times the spot figure
- —An inflow of 1.6 billion XRP to Binance over 30 days is the highest in six months
Why it matters: The rally rests on a short squeeze rather than new fundamental drivers, so a pullback could be swift once leverage unwinds.
Source: CoinGape