XRP Spot Volume Reaches $1.36B as Price Increases to $1.41
- XRP spot volume surged to approximately $1.36 billion in a single day.
- The price of XRP climbed about 7%, reaching the $1.41 mark.
- Total tracked turnover on CoinMarketCap approached $4.9 billion, up roughly 90% in one day.
- Futures volume for XRP was around $5.71 billion, significantly higher than the spot volume.
- US spot XRP ETFs reported inflows exceeding $1.7 billion, indicating strong institutional demand.
- The Moscow Exchange plans to launch XRP perpetual futures on September 22.
The recent surge in XRP’s price and volume comes amid a broader market rally, particularly as Bitcoin reclaimed the $80,000 level, triggering a short squeeze across the market with significant liquidations noted.
Investors are now focused on whether XRP can maintain its spot volume above $1 billion while ETF creations remain positive and Binance reserves stabilize after this weekend’s activity.(Source)
