$XRP Trading volume rose by 70%, but the price is still falling. I’m not ready to call this volume surge a sign of strengthening.
In the most recent full hour, spot trading volume increased from 719,300 USDT in the previous hour to 1,223,800 USDT, up 70.15% period over period. Over the same period, the price fell from 1.2517 USDT to 1.2497 USDT, down about 0.16%.
Trading was indeed more active, but the price did not rise in tandem. This surge in trading volume alone isn’t enough to support the conclusion that buying pressure is dominant.
In the most recent full hour, spot trading volume increased from 719,300 USDT in the previous hour to 1,223,800 USDT, up 70.15% period over period. Over the same period, the price fell from 1.2517 USDT to 1.2497 USDT, down about 0.16%.
Trading was indeed more active, but the price did not rise in tandem. This surge in trading volume alone isn’t enough to support the conclusion that buying pressure is dominant.