With the encryption market continued to see positive trends in the prices of cryptocurrencies since the beginning of the week, XRP witnessed that its price remains stable, but it witnessed a dramatic increase in payment activities, according to what I recently mentioned. Data From xrpscan.
The data shows a huge jump of 117.41 % in the payment activity on the XRP series over the past 24 hours, as it recorded the third largest encrypted currency through the market value of about 500,000 charges the previous day.
This tremendous increase witnessed that XRP payments were rising monthly after exceeding 1.1 million on June 9, despite the fixed price movement. The symbol has last achieved this level during the first week of May.
On the same day, XRP saw the total payment volume exceeding 430 million people, indicating an increase in the use of XRP in the global market.
This noticeable increase in the daily payments of XRP have acquired the eyes of investors, which strengthened their confidence in future prices for the original.
Although the reason behind the sharp increase in XRP activity is still inaccurate, speculators attributed it to the increasing interest in XRP between institutions and prominent retail dealers.
It is worth noting that this increase in the distinguished symbol activity on the series is not a surprise, because XRP is witnessing noticeable increases in the activity of the boundary payment and the increasing speculation before the expected organizational clarity in the encryption markets.
While high payment activities such as these are often tracked to internal factors such as institutional re -balance or internal exchange transfers, the prominent height in daily payments XRP has not yet been fed at the distinctive symbol price.
Although the distinctive symbol has turned up in the last days, as it recorded decent daily gains, price movements have slowed, indicating flexibility about the brand of $ 2.3.
According to data from Coinmarkketcap, XRP continued to show stable price movement as of June 10, indicating a slight decrease of 0.89 % during the last day.
It is worth noting that XRP is steadily traded at $ 2.29 from the time of the press.
While XRP has turned against the main standards on the series, investors are optimistic about a possible increase in the distinctive symbol price.
