CandleFocus 2.2 Billion XRP Moves in 24 Hours: What's Going On?
2024-10-08
Author: Content Editor
XRP, the seventh-largest cryptocurrency, experienced a surge in trading volume with 2.2 billion tokens changing hands in 24 hours. This increase coincided with a sell-off in the overall cryptocurrency market and led to XRP's trading volume rising by 46% to $1.1 billion. However, XRP's price has been negatively affected by the Securities and Exchange Commission's appeal against a court ruling that determined XRP is not a security when sold to retail investors. XRP's price dropped 0.71% in the last 24 hours and is down 15.84% over the past week. XRP will need to surpass certain price levels to initiate a fresh rally and potentially reach $1.
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