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XRP has&nbsp;<a href="https://u.today/xrp-made-strong-comeback-details">joined</a> the general market rebound trend as its price moved from a 24-hour low of $0.4993 to a high of $0.5213. At the time of writing, XRP has&nbsp;<a href="https://coinmarketcap.com/currencies/xrp/">maintained</a> 3.56% in the trailing 24-hour period, and its price is pegged at $0.5180.
One intriguing trend in the XRP trading ecosystem is the massive trading volume. This interest indicator has jumped by over 20% overnight and is pegged at $1,231,202,840. In the volume-to-price count, it implies that a total of 2,376,839,459 XRP has been traded thus far, per data from CoinMarketCap.
<img data-entity-type="file" data-entity-uuid="551c2e86-c9fc-4f96-9a08-d0fcf206af62" src="https://u.today/sites/default/files/inline-images/XRP_1D_graph_coinmarketcap%20%2822%29.jpeg"><a href="https://coinmarketcap.com/currencies/xrp/">XRP 1D Chart. Source: CoinMarketCap</a>
This massive XRP shuffled on exchanges does not also account for Over-The-Counter (OTC) trades that also account for a sizable chunk. With interest in the retail market rebooted, it sets the stage for XRP to chart a new bullish trend overall.
XRP has generally maintained the $0.52 level as formidable support it has failed to successfully breach since at least May 10. With the 2.3 billion booms in volume, the narrative might change in the short- to midterm.
<h2 id="hanging-on-to-little-xrp-catalysts">Hanging on to little XRP catalysts</h2>
XRP is one of the most troubled altcoins in the top 10 lists. Unlike Bitcoin (BTC) and Ethereum (ETH), with 9.91% and 38.58% from their all-time highs (ATHs) of $73,750.07 and $4,891.70 respectively, XRP is still down from its highest level by 86.51%.
Many XRP proponents believe this undervaluation of the coin may soon change should the lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) reach a favorable end. While the timeline remains unknown, the community is&nbsp;<a href="https://u.today/sec-v-ripple-defendant-files-motion-to-seal-documents">keeping tabs</a> on important dates for key events.
The growth of the&nbsp;<a href="https://u.today/ripple-evm-sidechain-receives-crucial-update">XRP Ledger</a> (XRPL) ecosystem is also another major catalyst that the coin’s proponents believe will boost the price in the long term.

2.3 Billion XRP in 24 Hours, What Just Happened?

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