"XRP Liquidations Surge Amid ETF Speculation, Causing Price Volatility"

Traders of XRP futures suffered a $7.26 million loss as prices experienced significant volatility following rumors of a BlackRock ETF filing. XRP prices briefly surged after reports of the filing, but it was later revealed to be fake. Despite the lack of confirmation, leveraged traders placed over $5 million in orders, resulting in liquidations. The majority of these trades were made on Binance and Bybit, with positions ranging from a few thousand to over $200,000.