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Ripple USD (RLUSD) Jumps 45% in Volume as XRP Price Faces Crucial Reset
In a recent development, it has been reported that Ripple USD (RLUSD) has seen an impressive jump of 45% in trading volume. This significant increase in activity comes at a crucial time for XRP’s price action, which is facing a critical reset.
The RLUSD token, which was destroyed by Ripple earlier this month, saw its volume surge to new highs, marking a notable shift in the market’s sentiment towards the asset. The massive upswing in trading activity suggests that investors are increasingly turning their attention to the digital currency.
Despite XRP’s price declining by 5.45% within the period, expert trader DonAltL remains optimistic about the coin’s potential for future growth. He believes that XRP has the capability of posting a new all-time high and notes that its recent recovery from a death cross setup is a promising sign.
XRP, which has been one of the most resilient altcoins in the top 20, has demonstrated remarkable resilience in the face of adversity. Despite ongoing legal issues, the coin has managed to recover and set itself up for a possible breakout.
The $2.30 resistance level remains a crucial milestone for XRP’s price action. If the coin is able to breach this barrier, it could signal a new direction for its value trajectory.
The market is closely monitoring RLUSD’s activity as it may have significant implications for XRP’s future performance.
Source: https://u.today/ripple-usd-rlusd-jumps-45-in-volume-as-xrp-price-faces-crucial-reset
