$XRP Price Springs - CoinGape Analytics

As of writing, XRP price jumped 0.58% in the past 24 hours to trade at $0.4941, despite crypto prices trading mainly bearishly today. The token’s 24-hour lows and highs are $0.4808 and $0.5194, respectively, underlining a volatile movement.

XRP’s trading volume from yesterday spiked 242.21%, whereas the Ripple-backed token garnered additional attention as it pumped while BTC, ETH, and others tanked.

Coinglass data highlighted reduced investor interest in the asset, as the Futures OI dipped 0.41% to $559.98 million. However, the derivatives market activity has been on the rise, as the volume surged 337.97% to $3.25 billion. This data painted an uncertain market scenario for XRP at press time.

Besides, the RSI stood around 45, illustrating that the asset is neither overbought nor oversold with slight downside pressure. Nonetheless, the broader industry participants remain optimistic about the asset’s potential ahead, as the introduction of RLUSD stablecoin has birthed an optimistic torrent. This is further accompanied by a stockpile of advancements within the XRPL (XRP Ledger), the blockchain for XRP.