XRP Sees Record $15.4B Daily Volume as Crypto Market Recovers

XRP reached a milestone on August 22, when its daily trading volume hit $15.4 billion, marking the largest record of this year according to data from CoinMarketCap.

This surge in trading activity comes as the crypto market begins to recover after months of sustained selling pressure. The global crypto market cap added $474 billion last week, giving major cryptocurrencies room to recover from their recent losses.

XRP was one of the biggest winners among top 100 crypto assets, gaining 53% last week and experiencing its highest daily trading volume in nearly a year. However, despite this significant increase in trading activity, XRP bulls could not turn it into a major daily gain, with the token rising only 0.53% on August 22.

XRP's price did experience wide swings during the session, climbing as high as $1.69 before being pushed back toward $1.40 by sellers. The next day produced an interesting contrast, with XRP gaining 3.96% to $1.51 despite a significant decline in daily trading volume.