XRP Jumps 26% in a Week on Short Squeeze and ETF Inflows
- —Leveraged funds cut their net short position on CME from 82.25 million to 35.95 million XRP in a week
- —Daily XRP trading volume peaked at $7.4 billion
- —U.S. spot XRP ETFs drew $18.04 million on September 23, with combined assets of seven funds at $2 billion
- —11,432 new XRP Ledger accounts were created on September 24, 323% above the 30-day average
Why it matters: Whether the rally holds depends on ETF inflows persisting after the short squeeze unwinds; the BatchV1_1 upgrade is scheduled for September 29.
Source: Bitcoin Magazine NL