XRP has reached a new record with over 2.59 million daily transactions. The price positioning indicates volatility and potential market changes.
Record Transaction Activity of XRP
Recently, XRP surpassed **2.59 million daily transactions**. This movement occurred against the backdrop of increased **network utility** and major **institutional flows**, creating heightened volatility. XRP's price briefly exceeded the $3.60 mark but ultimately stabilized around $3.
Institutional Interest and Its Impact
Institutions have shown increased interest in XRP. The involvement of the **Ultra XRP ETF** with $530 million in assets under management indicates rising support. This occurs amidst ongoing uncertainty regarding potential price declines.
Price Vulnerability and Historical Patterns
Current market conditions suggest the possibility of significant price movements. Analysis shows that ongoing fluctuations may precede periods of volatility, following **historical double-top patterns**. So far, there have been no public statements from Ripple's leadership concerning recent XRP events.
XRP continues to show high activity and reveals interest from institutional investors. However, increasing volatility signals possible price changes in the future.
