XRP price declines, trading volume surges by 111%🔥🔥🔥

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XRP joins the sell-off list, but trader activity increases

Recently, XRP has joined the sell-off ranks of altcoins, with over $698 million in funds liquidated in the market. XRP is one of the most liquidated tokens in the past 24 hours, with traders losing $16.88 million. However, despite facing selling pressure, XRP still maintains a tremendous bullish trading volume outlook.

As of the time of writing, the XRP price is $2.321, down 6.39% in the last 24 hours. Yet, the price drop has not dampened trader enthusiasm; instead, it has made them more active.

XRP's trading volume increased by 111% in the past 24 hours, reaching $8.81 billion. This unusual shift proves that the XRP market has sufficient liquidity to meet the demands of futures and retail traders, and the increased volume may serve as a springboard for a price rebound.

XRP has risen by 10.3% in the past week, with the monthly decline reduced to 2.8%

Over the past month, XRP has been a core driving force in the altcoin market. In the past week, the token has risen by 10.3%, which has reduced the monthly decline to 2.8%. With the current trading activity continuing, XRP's price may soon experience a rebound, while other ecosystem factors will also support its growth.

In summary, despite facing selling pressure recently, the increase in trader activity and sufficient market liquidity provides the possibility of a price rebound. At the same time, XRP's performance in the past week and month also demonstrates its strong market driving force. Under the influence of these factors, XRP's price is expected to show positive changes in the future.

Live with the dot avatar, don't miss the bull market