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Ripple Labs-backed XRP rallied over 11 percent in the last 24 hours to hit a new all-time high (ATH) of above $3.5 on Thursday, July 17, during the late North American trading session. The large-cap altcoin, with a fully diluted valuation of about $345 billion, recorded a 105 percent surge in its daily average traded volume to hover about $17.3 billion at the time of this writing.
As a result of the heightened volatility, more than $66 million was liquidated from XRP leveraged markets, with the short traders accounting for nearly $48 million.
