XRP has skyrocketed by 143% on key metrics such as price volatility.XRP price started a strong recovery today. The coin seems to be breaking the gateway to the bearish zone. As sentiment shifts, XRP is also witnessing a notable rise in one of its key metrics.
According to Coinglass data, the number of XRP transactions increased by. Today it is 81%. It currently stands at $2.02 billion, representing a significant increase in the cryptocurrency's trading activity. This increase in business is also reflected in the exchange of information.Binance leads the way at $622. 13 million as Bitget and Bybit were followed by $341.28 million and $402.46 million.
The rest of the trading activity comes from other important trading instruments. This is a great sign for Ripple's brainchild as it shows that investors' interest in cryptocurrency is increasing.XRP increased.The recent increase in business activities has stimulated the market. At the time of writing, the price of XRP increased by 4.50% in the last 24 hours to $0.4691. The coin market cap also rose by 4.67% to $26.17 billion.
However, there are still some worrying signs among the recent XRP price. The cryptocurrency is trading below its 200-day simple moving average (SMA).latest data from TradingView. As a result, XRP needs to recover this level in the coming days to continue the current rally.Given the increased trading activity and recent price increase, it appears that the bulls may push XRP above the price level.
Although it is an obstacle in the short term, it is expected that XRP will break through and enter in the long term. Overall, XRP prices look good and we may see more gains in the future.
