XRP edges out Dogecoin in 24-hour liquidation trend

XRP had a minor liquidation of 4.75 million USD over 24 hours, with long traders losing 2.39 million USD while short traders lost 2.37 million USD. Conversely, Dogecoin recorded a total liquidation of 3.73 million USD, where short traders faced greater losses.

XRP is expected to keep a strong position against Ethereum, bolstered by the potential approval of an XRP ETF by the SEC. Market analysts suggest that this approval could further elevate XRP’s performance in the coming months.

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