The Essential Ripple (XRP) Indicator Overlooked by Many and Its Significance

Ripple's (XRP) recent price surge to $3.05, which saw approximately $4.25 billion in trades, has put the focus back on the digital currency. While the token is currently 4% lower for the week, the trading volume has remained high. Notably, XRP now accounts for 5% of the total crypto market, a significant drop from its previous hold of 30%.

Despite this, CryptoPulse suggests that the present level provides room for capital to move back into XRP, potentially leading to a larger market share recovery. A key moment for XRP is anticipated in mid-August when the US Securities and Exchange Commission is expected to provide further guidance on the token's regulatory status.