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\n\t\t\t\t\t\t\t\t\tXRP is among the top performers among the largest altcoins on September 25. Why is that?\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
The popular cross-border token continues with its highly volatile trading sessions, but today it\u2019s in the right direction. After yesterday\u2019s slump to under $1.50, the asset has rebounded swiftly and now sits over 6.5% higher than it was 24 hours ago.<\/p>\n
Here are some of the possible reasons why and what\u2019s next.<\/p>\n
Although the entire market tanked yesterday, XRP\u2019s nosedive was quite painful on its own, as the asset was violently rejected<\/a> at $1.65 and slumped to under $1.50 within 24 hours. Today\u2019s situation is rather similar in terms of more profound price moves, but in the opposite direction. BTC is up by 1.6% today, similar to BNB, while ETH has gained under 2.5%. XRP stands out with a daily surge of 6.6% as of press time and now sits at $1.55 after rebounding from the key $1.50 support.<\/p>\n This rather notable volatility has not deterred investors gaining exposure to the asset through the spot Ripple ETFs. Despite the sluggish start with $0.00 in reportable data on Monday, the funds went on a roll in the following three days, attracting $20.02 million on Tuesday, $18.04 million on Wednesday, and another $14.89 million on Thursday, which is our first possible reason behind the impressive rebound.<\/p>\n The cumulative net inflows have skyrocketed to yet another all-time high of over $1.76 billion. Other notable developments in XRP\u2019s recent performance that could have pushed the asset\u2019s price higher include whale activity, as these large market participants acquired<\/a> over 1.5 billion tokens in 96 hours last week.<\/p>\n Data shared by popular crypto commentator on X, Xaif Crypto, outlined<\/a> the third possible reason behind today\u2019s remarkable comeback. He noted that the XRP\/USD trading pair printed a substantial surge in short liquidations of over 45% on the 4-hour chart. Such developments could lead to a deeper short squeeze as traders have to close their positions and buy tokens to cover their losses.\u00a0Xaif added that longs followed with a \u201cbrutal +16.11% swing right after.\u201d<\/p>\n Meanwhile, fellow XRP Army member Bird speculated that the token has just flashed a \u201cgreen light\u201d and predicted that the next move higher has begun after a \u201cperfect leveraged long flush and backtest.\u201d His first target sits at $1.80 by the end of the week, which is rather optimistic as of now.<\/p>\n Green light \ud83d\udfe2<\/p>\n The next move up for XRP has begun after a perfect leveraged. long flush and backtest.<\/p>\n $1.80 by EOW \u23f3 pic.twitter.com\/lT67PxFVa7<\/a><\/p>\n \u2014 Bird (@Bird_XRPL) September 24, 2026<\/a><\/p>\n<\/blockquote>\nShort Squeeze?<\/h2>\n
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