TL;DR
- Ripple’s native token is on a wild ride, surging past $3.3 and flirting with its 2018 all-time high of $3.4.
- The rally has been a rollercoaster, leaving over $40 million in liquidations in its wake. Ouch! 😬
As the immortal Metallica song goes – ‘So close, no matter how far.’ XRP is just a few cents away from a new all-time high, more than seven years after it set a record at $3.4. Talk about a long game, right? 🕒
The asset has jumped by roughly 50% since last week when it broke out of its consolidation phase, and has skyrocketed by 75% since the late June low of $1.9. It’s like XRP decided to play catch-up and then some. 🚀
It’s a mixed bag. 🎒
Since then, XRP has increased by a few more cents and jumped to a new six-month peak of $3.34 (on Bitstamp) minutes ago. Thus, it was less than 2% away from a new all-time high. Not bad for a token that’s been around the block a few times. 🏃♂️💨
Although it has retraced slightly since then, it’s still above $3.3 as of press time. Its volatile ride has liquidated thousands of speculative traders with both shorts and longs. However, short positions dominate, with over $29 million such liquidations out of the total $44.32 million. Talk about a bumpy ride! 🛸
XRP still trails BTC and especially ETH in terms of daily liquidations, as the second-largest cryptocurrency flew to a multi-month high of its own at almost $3,500. But hey, a little competition never hurt anyone, right? 🤷♀️
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2025-07-17 21:19