when

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<a href="https://u.today/ripple-ctos-cryptic-tweet-mystifies-xrp-community" rel="noopener noreferrer nofollow">XRP</a>'s real trading volume surged to a whopping $25 billion in the last 48 hours. But the reasoning&nbsp;behind it is not clear. Let's try to break it all <a href="https://messari.io/" rel="noopener noreferrer nofollow">down</a>.
From the real volume chart, it is clear that there has been a steady rise in trading, but recently, things really took off. A jump this big makes you think, why now? One reason could be that the market is getting out of correction mode, and when that happens, large caps like <a href="https://u.today/xrp-eyes-abnormal-multimillion-activity-on-korean-market-amid-xrp-price-drama" rel="noopener noreferrer nofollow">XRP</a> often see a lot of action. <img alt="XRPUSDT" data-entity-type="file" data-entity-uuid="cca3e7b6-856e-41ff-aab3-684a9eedbde4" src="https://u.today/sites/default/files/inline-images/image_606.png"><a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow">XRP/USDT Chart by TradingView</a>
XRP's price has been bouncing up and down, but there was a moment when it shot up higher than it had in a while. This is what traders call a "higher high." It means that, for a moment, people were willing to pay more for XRP than they have in recent times.
The key levels to watch now are the support around $0.50, where the price has bounced back before, and the resistance near $0.60, which is like a ceiling that the price has to break through to keep climbing.
Now, for a bit of guesswork as to why this might be happening. It could be that investors are getting more confident about the future and starting to buy more <a href="https://u.today/xrp-suddenly-adds-3-billion-to-market-cap-in-just-24-hours" rel="noopener noreferrer nofollow">XRP</a>, despite the fact that the asset remains suppressed.&nbsp;
If this trend keeps up, we could see XRP's price climb higher, especially if it breaks past that resistance level. But as always with cryptocurrencies, it is a wait-and-see game. There is always a chance that prices could swing the other way, so it is important to keep an eye on the market.
A sudden surge in XRP's volume could mean a lot of things, but one thing's for sure: XRP might be finally getting ready for a proper reversal. However, growth of underlying metric does not necessarily means growth of an asset's price.

$25 Billion XRP Surge: What Happened?

U_Today

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