XRP has seen a significant price rebound in the past 48 hours, resulting in large liquidations for both long and short traders. In the last hour alone, XRP experienced $1.07 million in liquidations, with long traders losing $596,580 and short traders left with $476,140. Bitcoin, on the other hand, only lost $109,270 in the same period. Market analysts attribute the liquidation to the hype surrounding a possible approval of an ETF for XRP, as well as speculation that the SEC may withdraw its appeal against Ripple. These developments have sparked investor interest and caused a spike in trading volume.



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