XRP Surges as Short Squeeze Hits Leverage Funds
XRP has surged 6.78% to $1.62, outperforming the broader cryptocurrency market.
The key driver behind this rally is a short squeeze, with leveraged funds on the CME cutting their net short position by 46.3 million XRP.
XRP also broke above the crucial $1.60 resistance level as traders rotated into altcoins.
If XRP holds onto its support at $1.52, the move could continue.