XRP Long Liquidations Top $70 Million as Token Retraces 7%: Is the Bull Run Over?

Group 1 - Ripple's new corporate treasury platform is resetting expectations around XRP, which is currently trading at approximately $1.7, 6.3% below its previous peaks [1] - XRP is showing a pattern similar to gold's recent breakout, indicating a potential shift from accumulation to expansion, with a trend of higher highs and higher lows [2] - The absence of long upper wicks on recent candles suggests that traders are not taking heavy profits yet, indicating strong buying pressure [3] Group 2 - Ripple Treasury, launched in partnership with GTreasury, allows corporate finance teams to manage cash, stablecoins, and XRP, connecting to around 13,000 banks [4] - Ripple CEO Brad Garlinghouse anticipates that the wider crypto market will reach new highs by 2026, with analysts projecting XRP targets as high as $8 by the end of the year [5] - Strong demand for new XRP exchange-traded funds is contributing to a bullish outlook for XRP [6]