XRP experienced a major price slump, reaching a nine-week low of $1.771. This dip resulted in significant liquidations in the XRP derivatives market, with $74.67 million wiped out from bullish traders and $28.28 million from bears. However, XRP quickly began a recovery rally and regained $1 within 24 hours, marking a 57% increase. Analysts celebrated this feat and suggested that XRP may be targeting a $5 price swing, which would make it the second-largest cryptocurrency by market cap. XRP is currently trading at $2.60 and continues to defend most of its gains.



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