XRP trading volume uptick as two of largest crypto exchanges moved close to 80 million tokens
Even though the weekend is notorious for its high volatility, XRP trading volume increased dramatically. This indicates that the community and the broader ecosystem of traders are coming to accept XRP regardless of the timing or ongoing events.
CoinMarketCap statistics show that XRP’s trading volume increased by 30.24% in the last 24 hours. This data illustrates that individual and institutional investors have steadily purchased the asset over the specified period. Following XRP’s remarkable performance outing during the last week, it is clear that the coin’s rise is now more consistent.
— Whale Alert (@whale_alert) April 10, 2023
Whale Alert discovered two transactions involving big amounts of XRP from two prominent cryptocurrency exchanges, Crypto.com and Binance. Both transactions involved anonymous wallets.
Whale Alert said that in the last 24 hours, the Crypto.com exchange moved 50,000,000 XRP, and Binance moved 23,555,362 XRP, worth $25,409,675 and $11,783,643, respectively. According to information provided by XRP-focused explorer Bithump, Crypto.com moved 50 million XRP to Binance, while Binance conducted an internal transfer of 23.5 million XRP.
— Whale Alert (@whale_alert) April 9, 2023
According to on-chain price performance statistics, XRP has increased by up to 37.34% in the last month and more than 47% year to date (YTD). Despite the SEC’s ongoing indictment as a security, the cryptocurrency’s success to date. For XRP to properly track a long-term development trajectory, it must break through its current restricting obstacles, and the only way to do so is to see the legal war through.
Incorporating expanded smart contract functionalities and other remarkable improvements based on XRP is yet another method to break through the barrier of limited use cases, which can also reposition XRP as a viable digital currency to address real-world challenges.
XRP/USD 4-hour chart | Source: TradingView
According to TradingView, XRP is currently trading at $0.5038 as of this writing.
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