XRP Volume Skyrockets By 75% As Market Regains Momentum
XRP, the sixth-largest digital asset, has seen an 88% increase in trading volume, worth $1.56 billion, driven by bullish sentiment in the cryptocurrency market.
This surge in trading activity is fueled by Bitcoin and other major cryptocurrencies experiencing price increases and reclaiming prior levels.
XRP has extended its recovery from its April 5 low of $0.569 into the third day, with XRP currently up 2.27% in the last 24 hours to $0.617.
CoinShares reports that digital asset investment products had strong bullish sentiment last week, with inflows totaling $646 million. Year-to-date inflows of $13.8 billion are at an all-time high, exceeding the $10.6 billion recorded in 2021.
However, ETF investor appetite is moderating, with weekly flow levels not reaching levels seen in early March.
(With inputs from Shikha Singh)
You need to login in order to Like
