$XRP has seen a significant surge in trading volume despite a drop in price, indicating an unusual market response. While its price fell by 6.39% to $2.321 in the past 24 hours, its trading volume soared by 111%, reaching $8.81 billion, showing heightened activity among traders. This volume boost suggests strong liquidity in the market, potentially paving the way for a price rebound.
XRP’s performance has remained strong overall, growing by 10.3% over the past week and reducing its monthly losses to just 2.8%. This uptick is supported by developments such as the RLUSD stablecoin, which has increased liquidity within the XRP Ledger, with daily volumes rising by over 290%. $XRP whales are also showing activity, indicating continued interest in the asset. These factors, combined with a dynamic XRP Ledger ecosystem, contribute to an optimistic outlook for XRP’s long-term price movement.
