Million

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In a significant turn of events, the&nbsp;<a href="https://u.today/xrp-whales-are-responsible-for-this-23-price-increase-but-theres-more" rel="noopener noreferrer nofollow">XRP token</a> has experienced a steady uptick, registering a notable 43% increase over the past three weeks. Currently valued at around $0.7 per token, XRP has reached its highest point since late July, a period marked by the pivotal SEC v. Ripple case ruling.
During July 2023, XRP made headlines when it was officially recognized as a nonsecurity for the first time, leading to a rapid surge in its value, reaching $0.93 per token within 24 hours. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="74540b36-d6f0-4116-bf7f-e333f62d3f83" src="https://u.today/sites/default/files/inline-images/XRP_1Y_graph_coinmarketcap_0.jpeg">XRP to USD by <a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
Interestingly, the current price surge lacks similar groundbreaking news, prompting discussions within the crypto community about XRP's potential to revisit the highs witnessed during the&nbsp;<a href="https://u.today/ripple-likely-to-trim-770-million-sec-fine-expert-says" rel="noopener noreferrer nofollow">Ripple</a> ruling.
<h2 id="bears-and-latecomers-denied">Bears and latecomers denied</h2>
Nevertheless, skepticism still lingers in some quarters about XRP's price growth, as revealed by&nbsp;<a href="https://www.coinglass.com/LiquidationData?fbclid=IwAR3Kzfm_kp-H6k6qrtM7s-L7MdFTg3g8lKA3uhob0V5DvIJvc71E4VodU1A" rel="noopener noreferrer nofollow">CoinGlass</a> data. In the past 24 hours, short positions on XRP worth a staggering $3.5 million were liquidated across the market. This figure, when extrapolated, constitutes a significant 3% of total liquidations on the crypto market. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="523088fd-3191-49e4-88b7-05d8d36c4c43" src="https://u.today/sites/default/files/inline-images/xrppp.png">Source: <a href="https://www.coinglass.com/LiquidationData?fbclid=IwAR3Kzfm_kp-H6k6qrtM7s-L7MdFTg3g8lKA3uhob0V5DvIJvc71E4VodU1A" rel="noopener noreferrer nofollow">CoinGlass</a>
Funnily, even some&nbsp;<a href="https://u.today/xrp-close-to-surpassing-bnb-after-massive-9-price-spike" rel="noopener noreferrer nofollow">XRP</a> bulls found themselves on the wrong side of the market with long positions amounting to $1.2 million in liquidations. This paints a vivid picture: in XRP trading, neither bearish traders nor latecomers are finding a warm welcome.
The question looming over the market is whether XRP can surpass the price levels seen during the July ruling. Meanwhile,&nbsp;<a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">CoinMarketCap</a> reports an 83.4% increase in XRP's trading volume over the past 24 hours, reaching $2.47 billion, signaling wild interest in the token right now.

XRP Bears' Liquidations Total $3.5 Million as XRP Price Nears Ripple Ruling Highs

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