According to recent CoinGlass data, the Ripple coin, XRP, is rather active. Rising by 90.16%, trading volume came out to be an astounding $1.37 billion.
Recent CoinGlass data shows that the Ripple coin, XRP, is seeing a lot of activity. Trading volume surged by 90.16%, reaching an impressive $1.37 billion.
Binance led the volume among the main exchanges with $526.32 million, followed closely by Bybit with $307.31 million. This surge highlights the increasing interest in XRP among major exchanges.
Moreover, the token's open interest saw a slight increase of 3.71%, bringing the total to $713.87 million. Binance menunjukkan a higher number of traders with long positions than shorts, with a XRP/USDT long/short ratio (accounts) of 3.5914, indicating a more bullish sentiment.
XRP menarik perhatian investor di tengah momentum pasar yang meningkat dan perkembangan ETF
Meanwhile, XRP is trading at $0.5353 at the time of writing, up 1.35% over the last 24 hours. The daily trade volume increased significantly by 50%, reaching $1.32 billion. This surging volume suggests increasing market momentum and indicates that both traders and investors are showing fresh interest in XRP.
In other developments, Canary Capital Group LLC recently filed with the U.S. Securities and Exchange Commission (SEC) for a second XRP-based ETF.
As CNF reported, this filing comes despite the SEC’s ongoing appeal against XRP’s non-security classification, indicating the unresolved legal matters surrounding the token. However, this move by Canary Capital highlights the growing interest in introducing XRP-based financial instruments to the broader investing public.
Additionally, XRP has been displaying technical strength since 2022. The token has confirmed several hidden bull divergences, as we covered previously, suggesting a potential bullish breakout from a pennant pattern. A strong breakout could propel XRP by nearly 450%, pushing its price above $3.3 with further upside potential.
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