XRP Liquidity and Crypto ETF Inflows Reach New Highs
Binance sees six-month high in XRP trading activity as crypto ETF inflows surge to $6.8 billion.
XRP's liquidity on Binance has reached a six-month high, indicating increased trading activity. This uptick in trading comes amidst a broader trend of growing interest in the cryptocurrency market. Meanwhile, crypto exchange-traded funds (ETFs) have seen a significant influx of money, with $6.8 billion pouring into them over the past six weeks. These developments could be indicative of a strengthening XRP/RLUSD price, which has seen a 0.74% increase over the past 24 hours, trading at 1.2942 RLUSD. The increased on-ledger volume, with 5,114,171 XRP traded in the last day, also supports this notion.
Sources
UT U.Todayu.today YA Yahoo Finance
finance.yahoo.com
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