Recently, the XRP market has experienced severe fluctuations, with prices falling over 12% within 24 hours, triggering one of the largest long positions squeeze events since 2025. Nevertheless, analysts still believe that the target of $6 for XRP is not out of reach.
On July 24, the price of XRP plummeted by 12.22%, falling to $3.04. This trend caught long positions investors off guard, especially after VERT issued $130 million on the XRP Ledger, and the price failed to rise as expected. Market sentiment became tumultuous, and investors are closely watching whether XRP can return to an upward
View OriginalOn July 24, the price of XRP plummeted by 12.22%, falling to $3.04. This trend caught long positions investors off guard, especially after VERT issued $130 million on the XRP Ledger, and the price failed to rise as expected. Market sentiment became tumultuous, and investors are closely watching whether XRP can return to an upward