Driven by major market shifts, XRP surged above $2, reaching its highest level since the end of last year. Over $250 million in short positions were liquidated, with prices spiking sharply after major options expired. Notably, the USD to XRP trading volume on Coinbase soared over 300%, indicating new capital inflows rather than rotation from other cryptocurrencies. Analysts suggest that the breakout from multi-year consolidation could signal that, as Bitcoin stabilizes in 2026, capital will flow into altcoins like XRP.
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Driven by major market shifts, XRP surged above $2, reaching its highest level since the end of last year. Over $250 million in short positions were liquidated, with prices spiking sharply after major options expired. Notably, the USD to XRP trading volume on Coinbase soared over 300%, indicating new capital inflows rather than rotation from other cryptocurrencies. Analysts suggest that the breakout from multi-year consolidation could signal that, as Bitcoin stabilizes in 2026, capital will flow into altcoins like XRP.