$11.18 Billion in XRP Trading Volume, Is Price Ready for Rebound?
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Different coins are bleeding red on the broader cryptocurrency market as most have crashed below critical support levels. XRP has followed the same trajectory, losing about $0.43 within the last 24 hours of trading activities. XRP trading volume soars amid price dip However, XRP’s trading volume soared within the same period, fueled by renewed investor interest. According to CoinMarketCap data, interest in XRP has risen by 265.68% to $11.18 billion. Related This surge indicates market participants remain optimistic about the token’s future outlook. Analysts say it signals that many investors are taking advantage of the slight drop in price to accumulate the coin before it rebounds. Financial experts insist that XRP, which lost as much as 10% of its price, might have begun its recovery journey. Notably, XRP dipped to a low of $2.71 in earlier trading before climbing to its current levels, driven by market interest. XRP 1D Chart. Source: CoinMarketCap Some stakeholders remain hopeful that if the asset sustains the current momentum and reclaims $3.25, it could retest the elusive $4 mark. XRP hit an all-time high of $3.84 seven years ago. Ever since, breaching that level has been difficult for the coin. However, with that mark less than 30% away, anticipation of its possibility has again grown. Ripple CEO to address community amid strategic reserve…
Filed under: News - @ January 28, 2025 12:15 am