XRP Price Rises Following Long Position Liquidations, Traders Uncertain About Future Direction

Following a brief downturn, XRP has experienced a rebound, driven by the liquidation of long positions from derivatives traders. This action leaves market participants divided between optimism about a sustained rally and caution regarding potential corrections. 1.2% higher today at press time, XRP is trading around $2.20. Recent fluctuations have shown high intraday trading activity after a notable rise earlier in the week. With a robust market cap exceeding $132 billion and a sizable trading volume of nearly $3 billion, XRP remains one of the largest cryptocurrency assets.