XRP’s 24-hour trading volume surged by nearly 140%, hitting $10.51 billion, according to CoinMarketCap data. Meanwhile, XRP’s price continued its upward trajectory. On Monday, XRP climbed from a low of $2.31 to a high of $2.645. The bullish momentum carried into early Tuesday, and by press time, XRP had risen 5.46% in the past 24 hours, trading at $2.55. On a weekly scale, the asset posted gains of 21%.
Broader Market Suffers as XRP Gains Ground
While XRP strengthened, the rest of the cryptocurrency market experienced a downturn. CoinGlass reported that nearly $606 million was wiped out in liquidations over the last 24 hours. This wave of losses followed a weekend rally and reflects widespread profit-taking by investors.
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At the time of writing, many major cryptocurrencies traded in the red. Bitcoin fell more than 1%, and several coins in the top 100 recorded daily losses ranging between 2% and 25%. Despite the overall market correction, XRP stood out with both price resilience and rising trading volume.
Investor Confidence Boosts XRP Activity
The spike in XRP volume signals growing investor interest and confidence. This is especially evident as XRP continues to hold above key support levels—specifically the 50-day and 200-day Simple Moving Averages (SMA), positioned at $2.171 and $2.139, respectively. These technical indicators suggest strong underlying demand and potential for further upside.
24-hour price chart. Source: CoinMarketCap
According to analytics platform Santiment, several fundamental factors drive XRP’s performance. First, Missouri passed House Bill 594, making it the first U.S. state to fully exempt capital gains from income tax on crypto assets like Bitcoin and XRP. This legislative move has likely fueled fresh investor interest.
Second, the number of XRP holders is on the rise. In 2025 alone, XRP wallets increased by more than 638,000—an 11% increase. The network is approaching a milestone of 6.5 million total holders, the highest in its 12-year history.
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Third, real-world use cases continue to expand. XRP has recently been accepted as a payment method on Travala, adding to its growing utility.
Despite bearish pressure on the broader market, XRP remains bullish. Its rising trading volume, expanding holder base, and growing adoption all point to sustained momentum. If XRP maintains its current support zones, further gains could follow, especially as more investors shift focus toward fundamentally strong assets.
