XRP Whale Deposits Hit 6-Month High Amid Rising Sell Pressure

XRP briefly rose above $1.40 as short positions betting on a decline were liquidated en masse. The price has since partially retraced, currently trading around $1.39. Amid heightened volatility, large holders have moved XRP holdings to Binance, recording the highest inflow in six months, according to CoinMarketCap. The coin rose approximately 8.4% over the past 24 hours, peaking at $1.402 with a market cap of roughly $88 billion.