XRP Surges 3.53% to $1.52 as Short Sellers Take Heavy Losses

XRP has seen a significant price increase over the past four hours, rising by 3.53% to $1.52 at 12:32 p.m. ET on September 24.

This surge in value comes after a previous gain of 1.28% over the past 24 hours, with XRP's market capitalization standing at approximately $94.80154 billion, placing it fifth among crypto assets by this metric.

During the same hour that saw XRP's price jump, liquidations across Binance, Bybit, and OKX totaled $520,000, with short positions accounting for a substantial portion of these losses at $310,000 compared to $210,000 in long positions.