XRP blockchain data depicts deviation once again by the week ending. As per the info revealed by the crypto analytical platform Santiment, it was seen that XRP token’s trading volumes accelerated without pause first by touching the 17.5 billion XRP mark then, an hour later, by touching the record-breaking 18.6 billion mark while Friday’s trading session of the crypto industry went.
Although, the XRP’s typical trading volume is at most 1.5 billion XRP, on statistics, with its nearest crypto assets in reference to funds, like BNB, SOL, and ADA. Santiment posted a tweet stating the same about XRP.
Santiment’s tweet compelled the traders to keep a note of the ongoings of XRP, which can have the capacity for successful future dealings because of this recent unusual advancement in its trading volume. Regardless, such unusual deviations were no more observed, only a growth of 5% in the XRP data after Friday was seen, which is mostly within the usual range.
Though there is certain gossip about Jed McCaleb’s so-called influence on this unusual behavior shown by the XRP asset. Nonetheless, the possibility of such info being true is quite minimal. Regardless of the fact that the previous Ripple member has halted the process of trading off his crypto and has kept a small amount of the exchange as collateral, these volumes are never going to be enough to expand trading by at most 1,200%.
Finally, it will be noteworthy to keep an eye on the trend set so as to understand the reasons behind this anomaly.
Kevin has a huge interest in the Crypto world, he is a firm believer in blockchain technology. Kevin is working as Journalist with Coinfea.