XRP Trading Volume Spikes To $1.20b Amid Recovery Hopes
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XRP led South Korean crypto trading with $1.20 billion in 24-hour volume. Price peaked above $1.6, with market cap reaching $89 billion before dropping to $1.47. Binance reserves decreased by 192.37 million XRP, indicating post-crash accumulation.
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- XRP led South Korean crypto trading with $1.20 billion in 24-hour volume across Upbit and Bithumb.
- Price surged above $1.6 before dropping to around $1.47, with market cap briefly crossing $89 billion.
- Binance reserves fell by 192.37 million XRP, signaling accumulation after the Feb. 6 crash.
XRP saw heavy trading activity across South Korean exchanges, pushing the token above $1.6 on Feb. 15 before a sharp pullback to around $1.47 by early Feb. 16. At the peak, XRP’s market capitalization crossed $89 billion as demand surged, led mainly by retail and speculative flows from South Korea.
Combined data from Upbit and Bithumb showed XRP recording the highest trading volume by a wide margin. Total XRP trading volume reached $1.20 billion over 24 hours, far ahead of other major cryptocurrencies.
XRP Dominates Trading Volumes
Ethereum recorded $304.41 million in …
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