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Various currencies work in red in the broader cryptocurrency market, most of whom have collapsed less than critical support levels. XRP followed the same path, as it lost about $ 0.43 during the last 24 hours of trading activities.
XRP trading volume rises amid low price
However, the XRP trading volume increased during the same period, which is fueled by the renewed investor’s interest. According to CoinmarketCap DataThe interest in XRP increased by 265.68 % to $ 11.18 billion.
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This increase indicates that market participants remain optimistic about the future expectations of the distinctive symbol. Analysts say it indicates that many investors benefit from the simple decline in prices to collect the currency before they stop.
Financial experts insist that XRP, which lost up to 10 % of its price, may have started a recovery journey. It is worth noting that XRP decreased to the lowest level in $ 2.71 in the previous trading before climbing to their current levels, driven by the market interest.
Some stakeholders still hope that the original will maintain the current momentum and restore $ 3.25, so it can re -test the mark of $ 4 from reaching.
XRP reached the highest level ever at $ 3.84 seven years ago. Since then, violating this level has been difficult for the currency. However, with this sign less than 30 %, it was expected to be might again.
CEO of Ripple to treat society amid strategic reserve discussion
Meanwhile, the XRP community is looking for the latest developments from Brad Garlinghyus, CEO of Ripple. Garlinghouse is scheduled to address the community on the areas of X on January 28, where it will reveal its vision of 2025.
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The Ripple batch for XRP inserted into the Crypto Strategic US Artrade reserve has sparked a hot discussion in the wider encryption industry. Many consider this step a bad idea for the encryption industry.
Ryan Silux, the founder of Missari, was one of the leaders who moved against the plan. According to Selkis, Bitcoin is the only cryptocurrency with wide acceptance and deserves the strategic reserve.
