Cryptocurrency: XRP rises by +2860% in spot feeds in just 8 hours!
XRP surprised everyone this weekend with a sudden increase of 2860% in its spot price in just eight hours. This historic peak, occurring in a relatively calm market, has reignited speculation about a possible cycle change. While some see it as just a technical rebound, others view it as a harbinger of change. In any case, this burst of volatility has broken the lethargy that had surrounded the cryptocurrency for several weeks.
In brief
XRP experienced a record increase of +2,860% in its cash flows in just eight hours.
This increase occurred in an overall slow market, reigniting speculation about a possible cycle change.
The increase in volume is believed to be linked to a technical rebound, with XRP coming out of an extremely oversold zone.
Despite this spectacular surge, the fundamentals remain fragile, with a continued decrease in volume on the XRP Ledger.
A record influx in XRP spot feeds
In recent hours, XRP has experienced a dramatic increase in its cash flows, rising by +2,860% in just eight hours, a historic high for this asset, while the cryptocurrency is still below $2.
This statistic is interpreted as a sign of a marked return of risk appetite in a market that was still relatively calm. This movement is distinguished both by its abruptness and its timing, as it occurred while the cryptocurrency market remained lethargic.
In this context, the increase observed in XRP resembles a burst of volatility, breaking with the slow erosion of recent weeks. However, despite its intensity, this signal remains too isolated to be considered the start of a true cycle reversal.
$XTER
