XRP ETF wave is expected to heat up, breaking through $3 or triggering 270 million short liquidation
西格玛学长2024/12/18 06:48
On December 18th, Bloomberg analysts Eric Balchunas and James Seyffart predicted that the US market will usher in a "cryptocurrency ETF wave" in 2025, with Solana and XRP expected to gradually debut. Meanwhile, the XRP market has performed strongly. On December 17th, data showed that the XRP/KRW trading pair on the South Korean Upbit trading platform ranked first in the Korean Won market with a proportion of 17.87%, with an overall trading volume of $7.642 billion, an increase of 37.3% from the previous day.
In addition, Coinglass data shows that if the price of XRP breaks through $3, the short positioning of XRP worth about $272.30 million will face liquidation pressure, which may trigger a short squeeze in the market. The price trend and market attention of XRP are constantly increasing.
3
2
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
Trending news
MoreSyndax Pharmaceuticals, Inc. announces that patient enrollment has been completed for its Phase II clinical trial of Axatilimab for idiopathic pulmonary fibrosis (IPF).
The latest forecast from biotechnology company Mesoblast Limited shows that its core product Ryoncil is expected to generate full-year net revenue between $110 million and $120 million in fiscal year 2026.
Crypto prices
More
Bitcoin
BTC
$67,417.81
-2.14%
Ethereum
ETH
$2,029.63
-3.37%
Tether USDt
USDT
$1
-0.01%
XRP
XRP
$1.4
-5.34%
BNB
BNB
$623.93
-1.63%
USDC
USDC
$1
+0.02%
Solana
SOL
$85.93
-4.34%
TRON
TRX
$0.2856
-0.24%
Dogecoin
DOGE
$0.09666
-7.57%
Cardano
ADA
$0.2864
-6.87%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now