XRP Surges 5.10% as Trading Volume Hits $10 Billion, Signaling Renewed Bullish Momentum

XRPUSDT experienced a 5.10% price increase over the past 24 hours, rising from 2.8729 to 3.0193, as reported by Binance. This upward movement is primarily attributed to renewed buying interest following a period of heavy selling by large holders, who reduced their buy-side positions and contributed to increased market supply earlier in August. Recent technical analysis and social media sentiment indicate buyers are re-entering the market, supported by reports of momentum building near key psychological levels and a notable surge in trading volume, which ranged from $4.56 billion to $10.04 billion. XRP currently trades at 3.0193 with a circulating supply of approximately 59 billion tokens and a market capitalization estimated between $179.67 billion and $183.27 billion, reflecting heightened activity and short-term bullish sentiment amid ongoing volatility.