The adjusted volume of XRP has seen a jaw-dropping 9x increase between August 26 and September 1, 2023. This metric measures the “real” trading volume by filtering out noise and potentially manipulative activities. A 9x increase in such a short period is nothing short of remarkable. It suggests that there has been a surge in genuine trading activities, possibly indicating increased investor interest or a shift in market sentiment.
The stable price of XRP with a skyrocketing adjusted volume creates an intriguing scenario. While the price has remained relatively constant, the adjusted volume suggests something brewing beneath the surface. This could indicate that investors are accumulating XRP in anticipation of a future price rally.
Price of XRP
It is important to note that the adjusted volume is not the only factor influencing the price of XRP. Other factors, such as news about the project, regulatory developments, and overall market sentiment, can also play a role. However, the 9x increase in adjusted volume is a significant development that should not be ignored.
It remains to be seen what will happen to the price of XRP in the coming days and weeks. However, the 9x increase in adjusted volume is a bullish sign that could indicate a future price rally.
The reasons for this could be – Increased investor interest in XRP and a shift in market sentiment towards XRP.
Other reasons could be an accumulation of XRP by whales or institutions and speculation about a future price rally.
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