XRP Surges 103% In Volume As Market Faces $410 mn Sell-Off
The cryptocurrency market is currently experiencing a significant sell-off, with XRP experiencing a 103% surge in trading volume. This surge is attributed to the increasing attention on XRP amid broader market turmoil.
In the last 24 hours, the sell-off has resulted in $410 million in liquidations, the highest total since mid-April. XRP trading volume has more than doubled in the last 24 hours, reaching $2.21 billion, indicating increased interest and activity among traders.
The crypto market tumbled on Friday due to a strong non-farm payrolls number for May, raising concerns that the Federal Reserve may not lower interest rates as quickly as predicted. The unemployment rate rose to 4% for the first time since January 2022.
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