XRP Trading Volume Surges Despite Price Decline

XRP's trading volume has surged to nearly $3 billion over the last week across major exchanges, despite its price tumbling by more than 8% during the same period.

According to X Finance Bull, a widely followed cryptocurrency analyst, this is a clear indication that XRP is not losing relevance in the market. The analyst pointed out that when an asset is genuinely losing relevance, trading volume dries up and concentrates in one or two places.

X Finance Bull cited data from Coinglass, which showed strong activity on Binance, Bybit, and Coinbase. The analyst also highlighted robust institutional demand for XRP, with spot exchange-traded funds attracting seven consecutive weeks of positive flows.

Ivan Patriki, co-founder of QuantMap, emphasized the importance of focusing on real transaction growth, new financial partnerships, and regulatory progress when evaluating XRP's long-term potential. He noted that utility often develops more slowly than market narratives.