Why XRP’s $19 Billion Gain Might Be Driven By Speculative Trades
The value of Ripple’s XRP has rocketed over the past week, adding $19 billion to its market capitalization. It currently trades at $2.37, up 16% in the past seven days. However, BeInCrypto’s assessment of its on-chain data reveals that this rally may be primarily driven by speculative trading activity. New demand for XRP has plummeted during the review period, making it likely that its price...
