XRP is leading the charge in a weekend rally. XRP has not only maintained its upward trajectory but also claimed the fourth position in terms of market capitalization, displacing Binance Coin (BNB).
For the first time since late July, XRP reached a three-month high of $0.73, as reported by CoinGecko. Currently, XRP’s value stands at approximately $0.692314, marking a 2.8% increase over the past 24 hours, while its seven-day rally has accumulated gains of 20.9%.
Data analysis suggests that XRP’s recent gains were primarily driven by spot trading activity. Liquidations of XRP-tracked futures contracts surpassed the $4.4 million mark, indicating a notable uptick in trading volume. Such a substantial liquidation amount hints at the possibility of traders employing high leverage to boost the cryptocurrency’s prices.
This year, wallets containing 100k – 1 billion XRP tokens have notably elevated their engagement with the remittance token, as per the findings disclosed by Santiment,
We współpracy z: https://bitcoinist.com/xrp-rally-whales-drive-token-to-3-month-high/
