< formatted article >

XRP Surges Past $1.25: Short Sellers Bleed $6M in 24 Hours

A Technical Breakout with Momentum

XRP just shattered a three-month downtrend, rocketing past $1.25 in a dramatic surge that forced short sellers to scramble. In just one day, bearish traders lost $6 million covering their positions as the cryptocurrency achieved its highest trading volume since early June.

The move wasn’t just a fluke—it was a technical triumph. XRP decisively cleared key Fibonacci resistance levels, a classic signal that the tide may be turning. On Binance, long-position traders now outnumber shorts nearly 3-to-1, setting the stage for a potential domino effect if the rally continues.

Asia’s Demand Surge Fuels the Fire

Behind the price explosion? A sharp rise in Asian buying power. South Korea’s Upbit exchange now dominates XRP wallet activity, handling over 30% of all transactions—up from just 13% a week ago. This sudden shift aligns with a growing trend: XRP exchange-traded funds have already amassed $1.4 billion in inflows, suggesting investors see XRP as more than just a speculative play.