XRP Hits $1.60 as $7.4B Volume Explodes, CME Leveraged Funds Cut 46.3 Million Shorts

XRP tagged an intraday high of $1.60 on September 22, with reported trading volume near $7.4 billion. The tape looks like a short squeeze. The regulated XRP futures books, however, tell a more divided story. Commodity Futures Trading Commission (CFTC) data for the week ended September 15 shows leveraged funds cutting their CME net short