XRP Trading Volume Hits Six Month High As Price Jumps 8 Percent

XRP is making waves this week with spot trading volume climbing to its highest level since February during August. Binance led the charge with roughly $7.28 billion in trades, followed by Upbit and Bithumb Korea. Other major exchanges like Bybit, Gate.io, and Coinbase also saw heavy activity.

The surge in volume brings stronger liquidity to the market, helping the token handle bigger price swings. XRP is currently trading near $1.45 after jumping about 8 percent in the past day, driven by a wider crypto market rebound that also pushed Bitcoin back above $80,000.

While the token is up roughly 36 percent over the past month, it still sits well below its all time high of $3.65 reached last year. Traders should keep an eye on trading volumes and Bitcoin price action to see if this momentum can hold steady in the coming days.