Cryptocurrency XRP broke the absolute record of value

The digital token XRP $3.29 XRP 5.71% Market capitalization $189.64 billion VOL. 24 hours $2.58 billion has reached a new all-time high of $ 3.4 on the Bitstamp exchange. The cryptocurrency has set its highest weekly figure in seven years. However, on Sunday, the price fell by 14%, dropping to $ 2.8, although it later partially recovered to $ 3.1. Despite this correction, the token has grown by more than 26% over the past week.

According to CoinGlass, $ 32.5 million worth of XRP positions were liquidated over the past day, with 84% of them going long. The total open interest in XRP futures decreased by 11%, reaching $ 6.69 billion. The largest liquidations were observed on Binance, where losses amounted to about $ 10 million.

Despite the price increase, the general mood among the cryptocurrency community remains negative. According to Market Prophit, professional investors are still betting on a decline in the token’s value in the near future. This may be a sign of market volatility in the near term.

Additional interest in XRP is supported by news about exchange-traded funds (ETFs). ProShares has filed applications to create ETFs based on XRP, including leveraged, inverse, and futures, which may further boost the asset’s popularity.

Despite the volatility, XRP remains in the spotlight due to its achievements and prospects for the development of token-based financial instruments.