After a court ruling in favor of Ripple, XRP short sellers have experienced over $63 million in liquidations. The ruling determined that XRP is not necessarily a security, leading to a short squeeze and a rapid price rally. Whale transactions on the XRP network have also reached unprecedented levels, with 637 transactions valued at over $100,000 in the past 24 hours. The increase in holdings by whales during a price surge suggests a potential upward momentum in the market.

AI Sentiment: Negative