XRP is one of the top cryptocurrencies in the world. However, when the market started declining, it took a significant hit. That dry spell has passed, and there have been some positive developments in XRP prices.
Then again, hold your horses. The token’s price is still declining, with a recorded price of $2.17 at press time. The market has decreased by 1.57% in the past 24 hours. However, the total trading volume of the token has grown by 24.7%. This weird and oxymoronic situation has left users confused.
XRP Price Movement
The token’s daily trading volume has supposedly hit a whopping $1,868,913,466.68. While some users are confused about what to do, seasoned investors see this as a great opportunity.
A price decrease while volume increases suggests profit taking or repositioning by crypto traders. The token gained close to 5.83% in the last seven days, bringing its total market cap to $127,241,588,203.26.
Therefore, everyone is currently quite optimistic about the token’s price movement. If this repositioning works out, it could put XRP back on a bullish run and wipe away all the losses the token might have incurred in the last few weeks.
