<ul><li>XRP surged past the $2.20 level, marking its strongest rally of April, pushing market cap close to its record high of $130.5 billion as traders eye further upside.</li><li>Short sellers faced $8 million in liquidations, with Binance and Bybit seeing the biggest losses as leveraged bets against XRP were wiped out by the sudden price increase.</li><li>Whether XRP’s $2.20 support holds or fades remains uncertain, but current momentum has traders speculating whether the breakout could push the altcoin beyond its yearly highs.</li><li>XRP’s market capitalization is now at $129 billion, “only” around $1 billion short of its record high market cap of $130.5 billion.</li></ul>

XRP News: $8M in Shorts Wiped Out After $2.20 Breakout

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