During the weekend, the cryptocurrency market showed an overall decline, with XRP trading volume drawing attention by recording 34.5 billion dollars (approximately 47.265 trillion won).
According to CoinGlass data, in the past 24 hours, 264,608 traders recorded liquidations totaling 687 million dollars. Among these, long positions betting on price increases accounted for 610 million dollars, while short positions were 76 million dollars.
XRP dropped to 2.08 dollars early Saturday morning but slightly rebounded and is currently trading at 2.14 dollars. According to CoinMarketCap data, XRP's 24-hour trading volume increased by 3% to 34.5 billion dollars.
Notably, corporate demand for XRP is increasing. Viva Power plans to raise 121 million dollars to build XRP-based fund reserves, and China's Webers International also plans to establish a strategic XRP reserve of 300 million dollars.
Meanwhile, XRP has fallen below the 50-day and 200-day moving averages for the first time in several weeks, breaking through the 2.25 and 2.3 dollar levels. Market analysts are watching the 50-day moving average at the 2.25 dollar level to gauge potential further declines.
Real-time news...Go to Token Post Telegram
<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>
