Surge in XRP volumes might indicate buying and selling activity as market rebounds
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The crypto ecosystem surprisingly posted a recovery, with several major coin prices turning positive. This follows after a serious fall in today's early crypto trading session, with Bitcoin close to the $54,000 price.XRP was no exception as it recovered after falling to a low of $0.403 in today's crypto trading session. While putting this analysis together, the XRP price had returned to trade in green, up 2% in the last 24 hours to $0.432.
Bitcoin received $398 million in inflows, which unusually represented just 90% of total inflows as investors chose to invest across a much bigger set of altcoins.In the coming days, eyes are on XRP to gauge its next price movement amid the recent developments in the overall crypto market.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst.
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