XRP trading volume surges 20% breaks through $1.46 resistance and sparks a historic rally?
XRP trading volume surges 20% breaks through $1.46 resistance and sparks a historic rally?
XRP is building a new price support base around $1.44 while solidifying its position as the fourth-largest cryptocurrency by market capitalization, accompanied by a sharp surge in 24-hour trading volume.
According to real-time data from cryptocurrency statistics platform CoinMarketCap on February 10 (local time), XRP is trading at $1.44, up 0.13% from 24 hours earlier. Despite broader market volatility, XRP is maintaining stable price action and appears to be consolidating energy for a potential upside breakout.
Its market capitalization stands at $88.08 billion, keeping it in fourth place among cryptocurrencies. Notably, trading volume over the past 24 hours jumped 20.76% from the previous day to $3.58 billion, underscoring active investor participation. The volume-to-market-cap ratio reached 4.06%, indicating strong liquidity.
Over the last 24 hours, XRP traded within a price range of $1.37 to $1.46. The current circulating supply is approximately 60.91 billion XRP, representing about 61% of the maximum supply of 100 billion XRP. Market participants are closely watching whether the $1.46 resistance level can be broken, monitoring real-time shifts in buying pressure.
Although XRP remains well below its all-time high of $3.84, the recent surge in trading volume is an important indicator of a potential halt to the downward trend. News surrounding the launch of Ripple’s stablecoin RLUSD and increased whale activity has heightened market interest. Expectations for a spot XRP ETF, raised by Bloomberg analysts, are also contributing to improved investor sentiment.
With a high trading turnover, XRP is attempting to break through the $1.46 resistance level while rapidly absorbing market liquidity. The current price structure, supported by a massive market capitalization of $88 billion, serves as a strong buffer against downside pressure. Investors are carefully timing a potential breakout above the upper boundary of the trading range by tracking real-time transaction data.
*Disclaimer: This article is for investment reference only, and no responsibility is accepted for any investment losses based on this content. The information provided should be interpreted solely for informational purposes.*
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