The price of XRP has risen from 2.06 USD to 2.14 USD, fueled by optimistic market sentiment. Currently, XRP is trading at 2.12 USD, reflecting a 3.49% increase in the last 24 hours.
A transfer of 29,532,534 XRP, worth 62.6 million USD, to Coinbase has raised worries among the XRP community. Historically, such large transfers may indicate the owner’s intent to sell, which could lead to bearish sentiment.
Despite the bearish concerns, XRP’s trading volume surged by 50.45%, totaling 2.43 billion USD. Active trading among investors suggests that the market may absorb potential sell-offs depending on buyer interest.
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