XRPUSDT Activity Skyrockets: 80% Volume Increase Signals Recovery
According to U TODAY. XRP, the seventh largest cryptocurrency by market cap, has seen an 80% rise in trading volumes, signaling renewed interest among traders and investors. According to CoinMarketCap, XRP's trading volumes surged by 86% to $1.41 billion, coinciding with a recovery in its price.
Following a serious dip in early trading, the crypto market showed signs of recovery, with several major coins turning positive. Bitcoin neared $54,000, and XRP rebounded from a low of $0.403 to trade at $0.432, up 2% in the last 24 hours.
This spike in trading volume indicates increased buying and selling activity as the market attempts to recover.
Crypto Market Sees $441 Million Inflows
The market sentiment shifted positively with CoinShares reporting surprising inflows into digital assets despite recent heavy selling. Investors seem to have viewed the price dip as a buying opportunity, leading to $441 million in inflows over the past week. Bitcoin led with $398 million, accounting for 90% of total inflows, as investors diversified across more altcoins.
As the crypto market stabilizes, all eyes are on XRP to track its next price movements amidst these recent developments.
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