XRP triggers 125% volume surge amid market crash
Despite the tumultuous conditions the crypto market is currently going through, XRP has ignited a 125% increase in trading volume. Per data provided by CoinMarketCap, yesterday, XRP showed 138% growth in 24-hour trading volumes, totalling $3.96 billion.
The surge in XRP trading volume emerged during a critical time for a crypto market marked by steep drops in the value of the major digital assets, drawing the attention of both investors and analysts.
There are several factors that could have caused the spike in XRP's volume, however, the exact reason remains unknown. First, it could be investors taking advantage of lower prices in anticipation of a possible recovery. Second, the increased activity may indicate a resurgence of interest in XRP, even though the general market is experiencing a crash