XRP has drawn attention from the crypto community due to a significant increase in trading activity, reaching $50 million in trading volume within one minute.
Dramatic Surge in XRP Trading Activity
According to well-known commentator Xaif, XRP recorded a trading volume of $50 million in just one minute. This has caught the eyes of traders who expect XRP to reach a new all-time high.
Current XRP Prices and Market Trends
Currently, XRP is trading at $3.24, which is up 9.35% in the last 24 hours and more than 33% over the past week. The recent price increase suggests strong investor interest and potentially institutional involvement. Data indicates that wallets holding large amounts of XRP increased their holdings by 2.2 billion tokens over the past two weeks.
Future of XRP Amid Institutional Interest
There are anticipations for the approval of XRP-related ETF products in the U.S., which could significantly boost the market by attracting institutional investments. The total trading volume of XRP has reached $14.4 billion, reflecting a 114.44% increase from the previous day.
The surge in XRP trading activity may signal new market achievements ahead. Investors are keenly monitoring price dynamics and anticipating further growth.
