<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/ripples-trading-volume-soars-yet-prices-waver" rel="noopener noreferrer nofollow">Ripple’s Trading Volume Soars, Yet Prices Waver</a><br></p>
<p style="text-align: justify">The latest figures reveal a striking escalation in <a href="https://en.bitcoinhaber.net/ripples-xrp-in-the-spotlight-large-whale-transactions-stir-concerns" rel="noopener noreferrer nofollow">XRP</a> derivatives trading, with a 68.2% upturn within the past day, hitting a high of $867.89 million. Complementing this spike, the spot market volume for XRP has also experienced a rise, reaching $837.35 million over the same period.</p>
<h2 id="intensified-interest-in-xrp-transactions">Intensified Interest in XRP Transactions</h2>
<p style="text-align: justify">Cumulatively, trading activity for XRP has now soared beyond a billion dollars, marking a resurgence of trader interest in the cryptocurrency. Nevertheless, despite the heightened trading volumes, the price movement of XRP presents a mixed picture, not necessarily following the upward trend in volume.</p>
<p style="text-align: justify">Amidst the increased liquidity, XRP has emerged as one of the most liquidated cryptocurrencies, with a staggering $190,000 worth of positions cleared out, predominantly affecting long position holders who make up 99.4% of the liquidations.</p>
<p style="text-align: justify">The recent price decline of XRP, struggling to break through the resistance at $0.535, has been a critical factor in the mass liquidation events. Although XRP did register a slight gain of 2.5% on Saturday, the general trend has been a retracement in value, indicating a bearish outlook.</p>
<h2 id="price-trend-faces-downward-pressure">Price Trend Faces Downward Pressure</h2>
<p style="text-align: justify">The altcoin’s future price trajectory is shrouded in uncertainty, but current market trends and price movements point towards a continuation of the bearish trend. This suggests that the increase in trading volumes may not translate into a sustained rise in price for XRP.</p>
<p style="text-align: justify">Despite the initial optimism drawn from the burgeoning trading volumes, the concurrent dip in price provides a more complex view of XRP’s market stance. Observing its current price, XRP appears to be consolidating around the $0.53 mark. Ripple’s price behavior is also notably characterized by rapid declines and slow recoveries, testing the endurance of investors significantly.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/ripples-trading-volume-soars-yet-prices-waver" rel="noopener noreferrer nofollow">Ripple’s Trading Volume Soars, Yet Prices Waver</a></h5>

Ripple’s Trading Volume Soars, Yet Prices Waver

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