XRP has recently experienced a notable uptick in trading volumes, surging by 170% despite the cryptocurrency market witnessing a sell-off phase. The broader market, including Bitcoin and altcoins, entered a correction period on Monday, with Bitcoin's value nearing $60,000 and altcoins facing steeper declines. This correction led to liquidations exceeding $281 million in leveraged derivatives trades across various digital assets. Notably, crypto long positions worth over $259 million were liquidated within the last 24 hours as major tokens slumped, some by as much as 10%. Despite the prevailing bearish sentiment, XRP attracted traders, resulting in a substantial surge in trading volumes. Data from CoinMarketCap indicates a 170% increase in XRP's trading volume in a single day, peaking at $1.035 billion. This surge hints at investors either leveraging market volatility for gains or strategically positioning themselves for potential price shifts in XRP. XRP's price experienced a 2.32% decline within 24 hours, settling at $0.4766 amidst the broader crypto market's downturn at the week's onset. Following the market's second-largest weekly drop in 2024, prompted by reduced interest in Bitcoin exchange-traded funds and uncertainties in monetary policies, the crypto space reflected diminished investor risk appetite. Notably, XRP reflected relatively lower losses compared to other leading cryptocurrencies, with most top 10 coins recording declines ranging from 4% to 6%. Analysts are closely monitoring XRP's price trajectory as heightened trading activity may indicate deliberate investor actions.