Sharp Increase in $XRP Trading Volume of 128% as Crypto Market Declines đ
The cryptocurrency market continues to decline. The fall in Bitcoin prices has impacted the entire market.
Meanwhile, XRPâs trading volume experienced an incredible increase of 128%, becoming the center of rumors.
CoinMarketCap data shows a 138% increase in XRPâs trading volume over the last 24 hours, exceeding $3.96 billion. This surge in XRPâs trading volume occurred during a critical time when sharp price declines were seen across the market.
This unexpected volume increase has caught the attention of both investors and analysts. The exact reason for the increase in XRPâs trading volume is still unknown. However, the situation can be attributed to various reasons.
Some analysts believe this is a strategic move by investors expecting a potential recovery in the coming days, buying at low prices.
On the other hand, despite the increased trading volume and activity, the renewed interest in XRP could be reflected in the charts, contrasting with the market downturn.
XRPâs price experienced a turnaround after forming a golden cross formation, attracting more attention from investors and analysts.
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