# XRP Shows Signs of Takeoff: What’s Happening?

XRP is experiencing a significant rise with a massive increase in trading volume by 90% to reach $2.83 billion in the past 24 hours! The price has risen from $2.21 to $2.26, showing an increase of 2.24% despite recent downward trends.

Looking at the 4-hour chart, XRP shows positive momentum, having risen from around $2.22 to $2.32 in recent sessions, supported by increasing trading volumes.

What’s driving this? The upcoming XRPL Apex for developers (June 10-12) is exciting traders about potential important updates for the XRP Ledger. While some technical indicators are showing a "death cross" (the 23-day moving average crossing below the 50-day moving average), experienced traders remain optimistic, pointing to similarities with the 2017 cycle before XRP's explosive growth.

Community confidence is also bolstered by increasing regulatory clarity and speculation about a potential approval for the XRP exchange-traded fund this year.

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