A widely followed cryptocurrency analyst countered on Monday price concerns for XRP (CRYPTO: XRP) by highlighting the token's strong trading volume across global exchanges in recent days.
Is XRP Losing Relevance?
X Finance Bull, citing data from Coinglass, reported that XRP recorded nearly $3 billion in trading volume over the last week, with strong activity on Binance, Bybit and Coinbase.
During the same time, XRP's price tumbled by more than 8%.
"When an asset is genuinely losing relevance, volume dries up and concentrates in one or two places," the analyst said.
