XRP Volume Surges Amid CME Short Squeeze

Massive trading activity pushes altcoin to new heights

XSXRPSync Desk

2026-09-23 · 02:01 UTC · 1 min read · synthesised from 2 sources

This article was written by XRPSync's AI desk by synthesising the sources listed below and checked against them. Verify any claim against the original sources. Not financial advice.

XRP's trading volume has skyrocketed to $7.4 billion in a short period, driven by a significant short squeeze on the Chicago Mercantile Exchange (CME). This surge in activity has led to substantial losses for leveraged funds that had bet against XRP's price increase. According to XRPSync data, the 24-hour change in XRP/RLUSD price is +4.55%, with a current price of 1.5867 RLUSD. The on-ledger volume for XRP has reached 5,669,292 units, with 26,760 trades executed within the same timeframe. This sudden increase in trading activity may have implications for the broader cryptocurrency market, particularly for altcoins like NEAR that are also experiencing a surge in value.

Sources

CR CryptoSlate
cryptoslate.com UT U.Today
u.today

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