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Ripple’s ($XRP ) Surge to $3 Triggers Over $55 Million in Short Liquidations : Donald Trump’s latest interaction with the crypto industry sent the entire market flying, but a select few altcoins, such as XRP, registered the biggest gains. This impacted short traders, as the value of the total liquidations is close to $500 million on a 4-hour scale, and XRP is responsible for a big share. Trump confirmed on his social media the much-anticipated crypto reserve and said SOL, ADA, and XRP will be a part of it before adding BTC and ETH, which he ‘loves.’ The entire market turned green, but the initial trio stole the show with massive double-digit price pumps. XRP, for example, flew from $2.22 to just over $3 within minutes, thus rising by more than 35% in value. Moreover, it has reclaimed its third spot in terms of market cap and is up by 45% since the Friday low of $1.95, even though it has retraced to $2.9 as of now. Its explosive move north has left nearly $57 million in liquidations within a 4-hour window – only from short positions. At the same time, the total for the day stands at over $630 million, with shorts representing the lion’s share ($455 million).

🚨 NEW: President Donald Trump, in a Truth Social post, said that a US crypto reserve is "critical" and plans to direct the Presidential Working Group to include $SOL, $ADA and $XRP in the Crypto Strategic Reserve

Trump says Crypto Strategic Reserve will include Bitcoin and Ethereum: Truth Social

Ripple’s (XRP) Surge to $3 Triggers Over $55 Million in Short Liquidations : Donald Trump’s latest interaction with the crypto industry sent the entire market flying, but a select few altcoins, such as XRP, registered the biggest gains. This impacted short traders, as the value of the total liquidations is close to $500 million on a 4-hour scale, and XRP is responsible for a big share. Trump confirmed on his social media the much-anticipated crypto reserve and said SOL, ADA, and XRP will be a part of it before adding BTC and ETH, which he ‘loves.’ The entire market turned green, but the initial trio stole the show with massive double-digit price pumps. XRP, for example, flew from $2.22 to just over $3 within minutes, thus rising by more than 35% in value. Moreover, it has reclaimed its third spot in terms of market cap and is up by 45% since the Friday low of $1.95, even though it has retraced to $2.9 as of now. Its explosive move north has left nearly $57 million in liquidations within a 4-hour window – only from short positions. At the same time, the total for the day stands at over $630 million, with shorts representing the lion’s share ($455 million).

President Donald Trump has reaffirmed his pro-crypto stance, announcing plans for a US Crypto Reserve that will support XRP, Solana (SOL), and Cardano (ADA). In a Truth Social post, Trump declared, “A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA. I will make sure the U.S. is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!”