XRP is up 6.78% to $1.62, outperforming the broader crypto market. The main driver is a short squeeze, with leveraged funds on the CME cutting their net short position by 46.3 million XRP. XRP also broke above the key $1.60 resistance as traders rotated into altcoins. The move could continue if XRP holds the $1.52 support level. Traders will also watch the next CFTC positioning report on September 25 for signs of whether short covering has continued.
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