XRP’s Wild Ride: $3.3 Surge Leaves $40M in Liquidations 🚀💰

by

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? 🤷‍♀️

Read More

2025-07-17 21:19