3 Factors That Can Cause XRP Trading Volumes To Spike Without Impacting Prices
The price of XRP has skyrocketed over the past day, but not because of any new developments or news. Instead, it is because of 3 factors that can increase trading volume without affecting the price.
- Exchanges that pay customers to trade XRP
Ripple recently launched a new feature called “Trade-in†designed to make it easier for customers to buy XRP in exchange for fiat currency. This feature is being tested by several exchanges, including Bitfinex and Coinbase.
- Many retail investors are trading XRP
Over the past few months, more and more retail investors have invested in cryptocurrencies like Bitcoin and Ethereum. Over the past few weeks, Ripple has been touting itself as a solution for banks and financial institutions that want to use blockchain technology but don't want to bother building their own system from scratch.
- More people are interested in cryptocurrencies than ever before
Cryptocurrency exchanges have seen a record number of users signing up and depositing on these platforms over the past year. The influx of new users into crypto has led many to see crypto as an opportunity rather than a bubble waiting to burst any moment; it may be
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