XRP sees trading spike, volumes up 111% in 24 hours XRPArmy XRPthestandard $XRP $XRPCommunity XRPHolders
is seeing trader interest grow as its trading volume is up 111% in the last 24 hours. Amid the current market scenario, several crypto assets posted bearish action coupled with a decline in trading volumes. and its subsequent hack sent shockwaves across the entire crypto industry. Several cryptocurrencies tumbled, including XRP.
XRP dipped for three consecutive days to reach intraday lows of $0.358 at press time from where it made a rebound. XRP is currently trading up 2% at $0.354, reaching intraday highs of $0.358.Most likely, the rise in XRP volume may have been caused by investors wanting to buy XRP at its recent lows. Traders have probably been scurrying to take advantage of the opportunity presented by the recent XRP volatility.
On the upside, a flip of the $0.40 barrier at the daily MA 200 to a support floor might be crucial in recovering the recent losses. In such a case, the XRP price could rise 12% to $0.447 and then reach the $0.47 level. On the other hand, further declines from its current levels might see a retest of the $0.32 level ahead of the $0.314 floor.
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