Ripple's XRP token is experiencing a significant price surge, reaching levels unseen since 2021. Analysts caution this could be a "leverage-driven" pump, as open interest in XRP derivatives has spiked 30% in just 24 hours, totaling $4 billion. Such rapid increases often lead to volatility, with potential for a quick sell-off. XRP's price has jumped 68% in the last month, outperforming other major cryptocurrencies like Bitcoin and Solana. The rise is fueled by new partnerships, potential ETF approvals, and speculative rumors about Elon Musk's investment in XRP. Stay vigilant and manage risks.
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