XRP Blasts Past $1.40 on Record-Breaking Volume Surge

XRP's price has skyrocketed by over 17% in a day, accompanied by a record-breaking 130% surge in trading volume on several significant exchanges.

The sudden increase implies substantial market participation and not just thin liquidity supporting this move.

XRP began its acceleration at $1.15 and reached about $1.40 during the session, with spot volume nearing $3 billion and futures volume reaching approximately $13 billion, according to XRP Scan Data.

The breakout has significantly altered XRP's short-term structure technically, as it successfully regained the moving averages between $1.04 and $1.16 and attacked the long-term moving average around $1.34.