XRP
XRP Rises 8% on Broad Market Short Squeeze and Developer Ecosystem Updates
Increased trading activity and cross-market liquidations supported price gains as Ripple introduced new payments tooling.
XRP climbed more than 8% over a 24-hour period, accompanied by a 55% rise in trading volume to roughly $4.7 billion. The advance occurred alongside broader crypto market strength and roughly $665 million in total industry-wide short liquidations, which contributed to upward price pressure.
On the development front, Ripple introduced an AI developer kit enabling automated payments using the XRP Ledger and the RLUSD stablecoin, with Stripe cited as potential supporting payment infrastructure. RLUSD's market capitalization reached approximately $2.4 billion, while two separate governance proposals to establish XRP collateralized lending and RLUSD settlement frameworks remain under review.
From a technical perspective, the article notes a breakout on the daily chart facing near-term resistance at $1.50. Sustained trading above that threshold would be required to validate technical projections toward $1.80 and $2.10, with the move contingent on continued spot demand following the recent liquidation surge.
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More on XRP All pieces →
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- Sell XRP Tests $1.30 Support After Repeated Rejections Near $1.40 Resistance
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