XRP Surges 3.11% Amid Ripple-SEC Case Anticipation and $60M Liquidation Event on Binance

XRPUSDT experienced a 3.11% price increase in the last 24 hours, rising from 2.8627 to 2.9516 on Binance, with the move attributed to a combination of technical consolidation, high trading volume, and anticipation surrounding the nearing conclusion of the Ripple-SEC legal case. The market also saw a flash crash that liquidated over $60 million in long positions, followed by stabilization near the $3 mark, while broader crypto market sentiment was influenced by investor caution ahead of Federal Reserve updates and inflation concerns. XRP futures open interest declined by 3.1%, indicating reduced leveraged positions, and significant trading activity was observed with 24-hour volumes ranging from $6.84 billion to $11.51 billion, maintaining XRP’s position as the third-largest cryptocurrency by market capitalization.