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XRP Jumps 2.1% in One Hour to $1.36; Shorts Lead Liquidations

XRP was down 4.74% over 24 hours at 2:38 p.m. ET on Oct. 8, despite the sharp hourly move.

Mentioned assets
Silver cryptocurrency tokens arranged at an upward angle / TokenPost.ai
Silver cryptocurrency tokens arranged at an upward angle / TokenPost.ai

Ripple’s XRP rose from $1.33 to $1.36 in one hour, gaining 2.07% by 2:38 p.m. ET (18:38 UTC) on Oct. 8, based on TokenPost’s direct collection of exchange prices.

The move came as XRP remained down 4.74% over the previous 24 hours. The $1.36 reading was recorded on Binance’s spot XRP/USDT market.

Liquidations during the same one-hour period totaled $80,000 for long positions and $180,000 for short positions across Binance, Bybit and OKX. Short liquidations were therefore more than twice the value of long liquidations.

XRP ranked fifth by market capitalization at about $83.62869 billion when the price was recorded.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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