The Ripple-associated cryptocurrency, XRP, has experienced a surge in trading volume, reaching $5.76 billion. XRP derivatives trading volume also saw a significant increase to almost $8 billion. However, the cryptocurrency suffered $11 million in outflows. The decline in XRP's value is in line with market sentiment following the Bybit hack, which the CEO referred to as "the biggest in history." Despite the attack, Bybit's CEO assured users that withdrawal services had fully resumed, and all functions and services remained operational. There has been an increase in bullish sentiment among high-net-worth holders, as large XRP holders have been accumulating the cryptocurrency.



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