XRP Sees 50% Uptick in Volume as DEX Trading Volume Hits Multi-Month High

Core Insights - XRP is regaining momentum after a recent drop, with a 50% increase in 24-hour trading volume to $4.05 billion, indicating renewed investor interest [1] - The divergence between XRP price decline and DEX trading volume spike suggests two interpretations: capitulation among retail traders or accumulation by strategic investors [2][3] - Ripple Labs plans to raise over $1 billion to establish an XRP-focused digital asset treasury, potentially tightening XRP's circulating supply and increasing institutional interest [5] Market Dynamics - Despite the recent rally, XRP is still down 17.5% over the past month, influenced by broader macroeconomic pressures, including delays in SEC activities due to the US government shutdown [6] - The price of XRP is currently at $2.46, reflecting a 5% daily gain, with key resistance anticipated around $2.80 [4][7] - Technical indicators show XRP is approaching the middle Bollinger Band, suggesting a potential breakout, while the RSI indicates a recovery from oversold conditions [7][8]