XRP, the fourth-largest cryptocurrency, has attracted traders' attention with its trading volume reaching $4.18 billion amid a volatile market.
XRP trading volume reaches record levels
According to CoinMarketCap, XRP's 24-hour trading volume exceeded $4.18 billion. This increase may be attributed to heightened market activity and interest in this cryptocurrency.
Impact of market volatility on XRP
The crypto market is experiencing increased volatility, which has led to increased interest in XRP. However, the market is seeing losses in early Saturday trading, with most digital assets, including XRP, experiencing a price drop due to rising inflation.
Chart analysis and expert forecasts
XRP is approaching a critical $2 mark, which could determine the next phase of price movement. A classic 'head and shoulders' pattern spotted on the XRP price chart suggests a potential drop to $1.90.
Despite the price drop, XRP maintains a high trading volume. Overcoming key levels remains essential for changing the current trend direction.
