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The post <a href="https://coinpedia.org/news/is-xrp-set-to-skyrocket-whales-signal-bullish-intent-liquidating-453k-in-shorts/">Ripple News: XRP Price Bounces Back, $453K Liquidated in Shorts</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
XRP traders are making savvy moves in the crypto arena, opting for bullish strategies despite <a href="https://coinpedia.org/news/ripple-vs-sec-ripples-strategic-moves-in-ongoing-xrp-lawsuit/">Ripple’s</a> ongoing legal battle with the SEC and a recent security hiccup involving co-founder <a href="https://coinpedia.org/news/total-xrp-sold-on-crypto-exchanges-post-ripple-hack-kaiko-insights/">Chris Larsen</a>. 
Initially, when XRP slipped below $0.51, many anticipated a continued downward spiral. However, XRP surprised the market by bouncing back, surpassing $0.51. This unexpected turn prompted traders to close their short positions. 
In the last 24 hours, XRP traders reported <a href="https://coinalyze.net/">liquidations</a> totaling $517,600, with a significant $453,900 (87.69%) linked to short positions. Notably, Binance saw the most action, underscoring the platform’s role in responding to XRP’s resurgence. 
<h2 class="wp-block-heading" id="h-whale-sentiment-shifts">Whale Sentiment Shifts</h2> 
Following the surge in short liquidations, the sentiment among influential crypto players, often referred to as “whales,” has shifted. They are now favoring long positions, driving a 2.31% increase in futures and perpetual open interest, reaching a substantial $458 million. 
The long/short ratio, a key indicator of market sentiment, has spiked to 2.80. Over the past 24 hours, long positions constituted a dominating 73.67% of leveraged positions across all exchanges. 
Read More: <a href="https://coinpedia.org/news/ripple-vs-sec-lawsuit-could-end-in-7-possible-ways/">Ripple Vs. SEC Lawsuit Could End In 7 Possible Ways</a> 
<h2 class="wp-block-heading" id="h-xrp-still-stands-strong-but-what-next">XRP Still Stands Strong, But What Next?</h2> 
Despite the market turmoil, <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">XRP</a> stands firm at $0.5130, recording a 2.23% gain in the last 24 hours and a 2.19% increase over the past week. This positive trend comes after a period where XRP struggled to maintain a value above $0.51. 
As traders navigate these fluctuations, the surge in long positions and heightened market interest signals a potential turning point for XRP. The crypto community’s ability to adapt and face challenges head-on is evident, showcasing resilience in the face of market uncertainties. 
Also Read: <a href="https://coinpedia.org/price-analysis/ripple-price-prediction-xrp-price-to-hit-27-despite-market-fluctuations-and-legal-woes/">Ripple Price Prediction: Will XRP Price Rocket Past $27 or Crash and Burn?</a>

Ripple News: XRP Price Bounces Back, $453K Liquidated in Shorts

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