Over the past 24 hours, XRP, the seventh-largest cryptocurrency by market cap, has seen a significant increase in trading volume. 2.2 billion XRP tokens were traded, coinciding with a major sell-off in the cryptocurrency market that saw over $229 million in positions liquidated.

This surge in activity has sparked a flurry of trading as investors respond to recent market volatility. Amidst the turmoil, XRP has been a major focus, with trading volume surging 46% to 2.2 billion XRP, or roughly $1.1 billion.

At the time of writing, XRP is down 0.71% over the past 24 hours, trading at $0.531. The token has also fallen 15.84% over the past week, heavily influenced by the recent appeals proceedings by the Securities and Exchange Commission.