#TariffsPause

The rally proved costly for bearish traders. According to Coinglass, approximately $24.16 million in XRP-related positions were liquidated within 24 hours. Out of this, $18 million came from short positions, catching many off guard. Only $6.16 million were long liquidations, reflecting the overwhelming bullish sentiment in the market.

This development follows a week of high volatility, where nearly $1 billion was wiped out from the broader crypto market due to initial panic over the tariff announcement. Now, with geopolitical concerns easing slightly, investors are returning to the market with a renewed appetite for risk.

Growing Derivatives Interest Confirms Bullish Sentiment

Coinglass data also highlights a 6.68% rise in XRP’s derivatives open interest, now totaling $3.05 billion. Furthermore, XRP options volume saw a 21.36% increase to $7,670, suggesting that traders are positioning for further price movement in the days ahead.

This resurgence has made XRP increasingly attractive to long traders, particularly as technical indicators begin to align with bullish momentum.