ask a simple question to the AI and this is the answer XRP is making several important trades in global markets. Here are some of the main trades and current trends:
- *Trading on Exchanges*: The liquidity of XRP is heavily concentrated on just three exchanges: Bitget, Binance, and Coinbase, which together control about 67% of all trading activity close to the market price of XRP.
- *Trading Volume*: The trading volume of XRP exceeded US$ 1 billion in 24 hours in South Korea, becoming the most traded cryptocurrency in the country. The Upbit exchange recorded a trading volume of US$ 716.79 million, while Bithumb traded US$ 241.4 million.
- *Current Price*: The price of XRP is quoted at US$ 2.16, with a variation of -0.14% in the last 24 hours and 6.04% in the past week. The 24-hour trading volume is US$ 1.94 billion, and the current market capitalization is US$ 128.82 billion.
- *Technical Analysis*: Technical indicators suggest a possible breakout of the XRP price, with some analysts projecting an increase to US$ 5 or even US$ 14. Elliott Wave analysis and the pennant pattern also indicate an imminent breakout ¹ ² ³.
- *Acquisitions and Partnerships*: Ripple, the company behind XRP, is making several acquisitions and strategic partnerships to expand its ecosystem. The latest partnership with Wormhole aims to expand multichain interoperability on the XRP Ledger and its future XRPL EVM Sidechain ⁴.
