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Popular cryptocurrency XRP has experienced a staggering 96% surge in trading volumes within the last 24 hours, according to data from&nbsp;<a href="https://www.coinglass.com/currencies/XRP" rel="noopener noreferrer nofollow">CoinGlass</a>. The total turnover has surpassed an impressive $2 million, showcasing an increased&nbsp; level of activity on the XRP market.
Based on data from both spot and derivatives markets,&nbsp;<a href="https://u.today/xrp-etf-likely-after-bitcoin-approval-valkyries-investment-chief-says" rel="noopener noreferrer nofollow">XRP</a> eyes a significant spike in trading. Remarkably, this surge accounts for 6.66% of total market capitalization of the token, signaling a normative level of engagement among investors. As of the latest news, XRP's market capitalization stands at $30.65 billion, securing its position as the sixth-largest digital asset on the market, as reported by&nbsp;<a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">CoinMarketCap</a>.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="c6925a03-53be-4eaa-8970-00846da837f3" src="https://u.today/sites/default/files/inline-images/xrp_339.png">Source: <a href="https://www.coinglass.com/currencies/XRP" rel="noopener noreferrer nofollow">CoinGlass</a>
<h2 dir="ltr" id="crucial-moment-for-xrp">Crucial moment for XRP</h2>
This surge in trading volumes coincides with a notable movement in the&nbsp;<a href="https://u.today/11-for-xrp-may-not-be-dream-as-this-xrp-price-prediction-suggests" rel="noopener noreferrer nofollow">XRP price</a>. Over the past 24 hours, XRP experienced a substantial 4.52% drop, only to swiftly rebound and recover more than half of the losses, marking a 2.07% recovery. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="206b661f-c8d5-4b36-9af2-79001dc19192" src="https://u.today/sites/default/files/inline-images/XRP_1D_graph_coinmarketcap%20%282%29_1.jpeg">XRP to USD by <a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
What adds intrigue to this development is the current XRP token trading price of $0.564, a level deemed as a crucial support. Since May 2022, the token has attempted to break out from this level three times, finally succeeding in July 2023 after a favorable ruling in the SEC v.&nbsp;<a href="https://u.today/ripples-chief-lawyer-sets-4-day-deadline-for-fake-bitcoin-etf-approval-explanation" rel="noopener noreferrer nofollow">Ripple</a> case. However, the price has since revolved around this mark, dropping back to it.&nbsp;
Now, all eyes are on the cryptocurrency community to see whether XRP's quotes will rebound from this critical support level or succumb, potentially turning it into a resistance zone. The dynamics in play suggest a potentially pivotal moment for one of the leading digital assets on the market.

XRP up 96% in Trading Volume as XRP Price Finds Major Support

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