Shocking XRP Liquidation: What You Won’t Believe Happened in Just 24 Hours!

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Well now, gather ’round, folks, for a tale of digital gold that would make even the most stoic of investors raise an eyebrow! The XRP price has taken center stage, and it seems the whole cryptocurrency circus is in a tizzy. Just the other day, the United States Securities and Exchange Commission (SEC) decided to throw in the towel on their lawsuit against Ripple Labs, and lo and behold, the price of XRP jumped like a cat on a hot tin roof—up by a whopping 13%! 🐱‍👤

XRP liquidation evens out

As I pen this missive, the good folks at CoinGlass have reported that a staggering $36.96 million worth of XRP has been liquidated in the past 24 hours. That’s right, folks, we’re talking about more than 14,890,000 XRP! 💰

Now, unlike the previous shenanigans where long and short traders were at each other’s throats, this time it seems they’ve decided to share the pain equally. Long traders took a hit of $18.21 million, while their short-selling counterparts fared just a tad worse at $18.75 million. It’s almost as if they were playing a game of poker and both ended up with a pair of twos! 🎲

But hold your horses! The Ripple CLO has hinted at a possible counter-appeal against the SEC, which has left traders scratching their heads like a chicken trying to solve a math problem. This could mean the case isn’t quite over, and we might just be witnessing a classic sell-the-news event that has left everyone with a split liquidation outlook. 🐔

Despite the chaos, XRP is still holding its head high, boasting a bullish outlook with a 7.89% increase in just 24 hours, now sitting pretty at $2.496. Not too shabby, eh? 💪

What’s next for XRP’s price?

As it stands, dear traders, there’s a glimmer of hope on the horizon! Following the Ripple and SEC news, Bitnomial has launched the very first XRP futures contract in the good ol’ U.S. of A. This could very well be the first step towards a full-blown XRP ETF, and with XRP now deemed a nonsecurity, we might just see a flood of developers rushing to the XRP Ledger ecosystem. 🌊

With all this excitement, the protocol is set to welcome a veritable explosion of decentralized applications (DApps) in the near future, which will undoubtedly have a ripple effect on the XRP price. So, hold onto your hats, folks, because the ride is just getting started! 🎢

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2025-03-20 15:17