{"id":48992,"date":"2025-03-02T17:34:35","date_gmt":"2025-03-02T17:34:35","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=48992"},"modified":"2025-03-02T17:34:35","modified_gmt":"2025-03-02T17:34:35","slug":"ripples-xrp-surge-to-3-triggers-over-55-million-in-short-liquidations","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=48992","title":{"rendered":"Ripple\u2019s (XRP) Surge to $3 Triggers Over $55 Million in Short Liquidations"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Donald Trump\u2019s latest interaction with the crypto industry sent the entire market flying, but a select few altcoins, such as XRP, registered the biggest gains.
\nThis impacted short traders, as the value of the total liquidations is close to $500 million on a 4-hour scale, and XRP is responsible for a big share.<\/p>\n

<\/a>XRPUSD. Source: TradingView<\/p>\n

The impact that the US president has on the crypto market cannot be understated<\/a>. After his landslide win in the elections in November, all crypto asset shot up, many to fresh all-time high, following his numerous favorable promises.<\/p>\n

His questionable<\/a> actions ever since he took office in regard to the Russia-Ukraine war and its trade war against several countries, brought excess pain for the crypto space, as the total market cap bled out<\/a> over $800 billion within a week.<\/p>\n

Ripple\u2019s token has felt the consequences each time, with massive price increases and subsequent crashes. The past few hours solidified this narrative.<\/p>\n

Trump confirmed<\/a> on his social media the much-anticipated crypto reserve and said SOL, ADA<\/a>, and XRP will be a part of it before adding BTC and ETH, which he \u2018loves.\u2019<\/p>\n

The entire market turned green, but the initial trio stole the show with massive double-digit price pumps. XRP, for example, flew from $2.22 to just over $3 within minutes, thus rising by more than 35% in value.<\/p>\n

Moreover, it has reclaimed its third spot in terms of market cap and is up by 45% since the Friday low of $1.95, even though it has retraced to $2.9 as of now.<\/p>\n

Its explosive move north has left nearly $57 million in liquidations within a 4-hour window \u2013 only from short positions. At the same time, the total for the day stands at over $630 million, with shorts representing the lion\u2019s share ($455 million).<\/p>\n

<\/a>Liquidation Heat Map. Source: CoinGlass<\/p>\n

The post Ripple\u2019s (XRP) Surge to $3 Triggers Over $55 Million in Short Liquidations<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Donald Trump\u2019s latest interaction with the crypto industry sent the entire market flying, but a select few altcoins, such as XRP, registered the biggest gains. This impacted short traders, as the value of the total liquidations is close to $500 million on a 4-hour scale, and XRP is responsible for a big share. XRPUSD. […]<\/p>\n","protected":false},"author":0,"featured_media":48993,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-48992","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/48992"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48992"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/48992\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/48993"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}