XRP (XRP) has outperformed all other crypto **** ets in the top 5 with an impressive 50% gain in just 7 days after the U.S. Securities and Exchange Commission (SEC) released a new regulatory framework for the industry.
Moreover, Ripple was one of the companies invited to the White House for President Donald Trump's crypto summit, a gathering where the head of state affirmed his commitment to get the Clarity Act passed this year.
Trading volumes for XRP have jumped to more $6 billion in the past 24 hours alone after spending months in the freezer. This figure accounts for over 6% of the **** et's circulating market cap, as five consecutive days of gains pulled off a massive short squeeze.
With more than $100 million worth of XRP shorts being liquidated in the past five days alone, this qualifies as one of the most dramatic bloodbaths for bears in the token's history.
The last time we saw liquidations of this magnitude was October 10, back when a flash crash swept the crypto market into its latest bearish cycle. Volatility was quite high at that point, and the market flushed out excessively leveraged shorts as it also evaporated billions in long positions.
#days #past
Moreover, Ripple was one of the companies invited to the White House for President Donald Trump's crypto summit, a gathering where the head of state affirmed his commitment to get the Clarity Act passed this year.
Trading volumes for XRP have jumped to more $6 billion in the past 24 hours alone after spending months in the freezer. This figure accounts for over 6% of the **** et's circulating market cap, as five consecutive days of gains pulled off a massive short squeeze.
With more than $100 million worth of XRP shorts being liquidated in the past five days alone, this qualifies as one of the most dramatic bloodbaths for bears in the token's history.
The last time we saw liquidations of this magnitude was October 10, back when a flash crash swept the crypto market into its latest bearish cycle. Volatility was quite high at that point, and the market flushed out excessively leveraged shorts as it also evaporated billions in long positions.
#days #past
7 days ago
