XRP rebounded 6.5% to $1.55 driven by spot ETF inflows of $1.76B and a 45% short squeeze.
Macro & Markets ·
XRP advanced 6.5% to $1.55 following a recovery from levels below $1.50, according to analysis examining price drivers on September 25. Spot Ripple ETFs accumulated over $1.76 billion in net inflows, with daily deposits of $20.02 million, $18.04 million, and $14.89 million across three consecutive days contributing to investor demand for the asset.
The move higher coincided with two additional factors. Whale purchases of more than 1.5 billion tokens occurred over a 96-hour window in the preceding week. On trading platforms, the XRP/USD pair experienced liquidations exceeding 45% of short positions on the 4-hour timeframe, potentially triggering a cascade of forced buybacks as traders closed underwater bets.
Price targets circulating among market participants suggested upside toward $1.80 by week's end, though the sustainability of such moves remains uncertain given the asset's recent volatility swings, including the prior rejection at $1.65 and descent to sub-$1.50 levels within a single day.