XRP Trading Volume Soars, Sparking Price Surge Speculation
XRP has witnessed a dramatic rise in trading volume, reaching a staggering $1.87 billion in the last 24 hours, a staggering 99.95% increase. This surge has ignited speculation of a potential price increase for the digital asset.
High Volume, Higher Hopes
While the current trading volume is impressive, AI platform Evai revealed an even higher peak of $2.15 billion on April 5th, marking a 41.93% jump from the previous day. Many analysts attribute this surge to Ripple's strategic move into the stablecoin market.
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Stablecoin Boost
The announcement of a Ripple-backed stablecoin launching on both the XRP Ledger (XRPL) and Ethereum blockchain triggered a temporary price increase for XRP, w...