XRP Surges 17% with Record-Breaking 130% Volume Spike

XRP's price surge continues to gain momentum, with a record-breaking 130% volume spike on several major exchanges. This significant increase in trading volume is a strong indicator of market participation and liquidity, rather than thin markets.

The asset's price jumped by approximately 17% over the course of a day, reaching around $1.40 after starting its acceleration at $1.15. Spot volume reached nearly $3 billion, while futures volume hit about $13 billion.

Notably, individual exchanges saw substantial increases in trading volume, with Bitget's up by 134%, Bybit's up by 141%, OKX's up by 146%, and Binance's up by around 114%.

XRP has broken through the key threshold of $1.34, which is a significant long-term moving average. This breakout has altered the asset's short-term structure technically.