XRP rebounded 6.5% to $1.55 driven by spot ETF inflows of $1.76B and a 45% short squeeze.
Macro & Markets ·
XRP rebounded 6.5% to $1.55 after dropping below $1.50 the previous day, supported by spot ETF inflows totaling $1.76 billion accumulated over recent days. A short squeeze in the XRP/USD pair triggered over 45% in short liquidations, prompting traders to cover positions and amplifying the price recovery. Whale activity, with acquisitions exceeding 1.5 billion tokens in the prior week, also contributed to the asset's gains.