XRP Trading Volume Rallies 1,500%, Price Remains Unchanged, Here’s Why
CoinMarketCap ranks XRP as the sixth-largest cryptocurrency by market capitlization. It was created in 2012 by Jed McCaleb and David Schwartz to serve as the native currency for the XRP Ledger. The XRP Ledger is an open-source, permissionless technology. It stands out for its low cost, scalability, speed, and carbon neutrality. After increasing from $0.43 to $0.53 last month, and before declining to $0.45, the token showed a bullish sentiment. Since May 2022, the cryptocurrency has been repeatedly rejected at $0.50 levels and is unable to cross that threshold. In new interest data collected from CoinMarketCap, the trading volume of XRP skyrocketed by over 1520%. Let us look at what triggered the soar in trading volume. XRP trading volume soars, price remains stable As per the recent data, the 24-hour trading volume hit $19,140,768,909 before dropping back to the current trading volume of $1,391,815,949 . The CEX trading volume during that period also stood at $19.66 billio...