Two-Month High Reached as Trading Volume Surges
The post Two-Month High Reached as Trading Volume Surges appeared on BitcoinEthereumNews.com.
TLDR XRP reached $2.61, its highest level since March 6, 2025 XRP briefly surpassed Tether as the third-largest cryptocurrency by market capitalization 24-hour trading volume increased 193.5% to $10.83 billion Technical indicators show XRP trading above key moving averages with positive momentum Potential price targets range from $2.80 to $3 if support at $2.45 holds XRP (XRP) has demonstrated impressive price action in recent days, climbing to its highest level in two months and showcasing strong bullish momentum. The cryptocurrency reached a daily high of $2.61, marking its highest point since March 6, according to recent market data. The digital asset has posted gains of 4% over the past 24 hours and is up 6% over the last week. This upward movement has caught the attention of traders and investors alike. Trading activity for XRP has seen a dramatic increase. The 24-hour spot trading volume surged to $10.83 billion, representing a 193.5% increase compared to the previous day. This substantial rise in volume indicates growing interest in the token. XRP Price on CoinGecko The derivatives market has shown even more impressive numbers. Trading volume in XRP derivatives increased by 237.27% to $19.4 billion. Meanwhile, open interest climbed 13.55% to $5.23 billion, based on data from Coinglass. These metrics suggest that more traders are entering the market and placing larger bets on XRP’s price movement. The increased participation points to growing confidence in XRP’s short-term prospects. Market Position Strengthens In a notable development, XRP briefly overtook Tether (USDT) as the third-largest cryptocurrency by market capitalization following its recent rally. This temporary shift in rankings highlights the significance of XRP’s recent price movement. According to analytics platform Santiment, several positive factors have contributed to XRP’s latest price surge. These include an 11% increase in XRP holders since the beginning of 2025. Growing…
