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XRP crosses $1. 25 and short sellers lose $6 million: Why this matters for crypto traders

June 16, 2026

XRP just jumped past $1. 25, pushing short sellers to cover their bets at a cost of $6 million in 24 hours. This surge didn’t come quietly—it broke a three-month downward pattern and did it on the highest trading volume since early June. Traders who bet against XRP now face a tough choice: hold tigh

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