XRP Rises 2.01% in One Hour to $1.54 as Short Liquidations Reach $1.26M
Ripple’s token was down 0.70% over 24 hours, while short liquidations far exceeded long liquidations across three exchanges.
Ripple (XRP) rose 2.01% in one hour to $1.54 at 9:18 a.m. ET (13:18 UTC) Wednesday, marking a sharp move for the fifth-largest cryptocurrency by market capitalization.
The token climbed from $1.51 to $1.54 during the hour on Binance’s XRP/USDT spot market. Despite the short-term gain, XRP remained down 0.70% over the previous 24 hours.
Short liquidations totaled $1.26 million across Binance, Bybit and OKX during the same hour, compared with $50,000 in long liquidations. Liquidations occur when exchanges forcibly close leveraged positions after traders fail to meet margin requirements.
The figures reflect TokenPost’s direct collection and calculation of publicly available exchange prices and liquidation data.
