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XRPthe fourth largest cryptocurrency by market capitalization, has undoubtedly started 2025 on a strong note, recording a significant rise in transaction volume at the beginning of 2025.
According to Ali Martinez, a cryptocurrency analyst, XRP has recently seen a massive surge in transaction volume, exceeding $7 billion at the beginning of 2025. subscriber By Ali, which reflects the volume of XRP transactions in US dollars, this rise represents one of the most significant transaction explosions for XRP in recent weeks.
The surge in XRP transaction volume comes as the broader cryptocurrency market sees new optimism at the start of 2025.
Positive market sentiment towards XRP may also have an impact. As the broader cryptocurrency market shows signs of recovery, investors may increase their holdings in XRP, leading to increased transaction volume.
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This isn't far-fetched, as XRP saw an incredible rally at the start of the year and, at one point, saw trading volumes worth $1.3 billion on Korea-focused exchange Upbit. South Korean exchanges are known to often result in particularly high trading volumes for XRP, which has historically been a harbinger of price volatility with an upward bias.
After a four-day rally that began on December 31, XRP reached a high of $2.5 on January 4 before pulling back.
What's next for XRP price?
XRP had a historically noteworthy year in 2024, with the cryptocurrency reaching highs of $2.9 in December. With a 10% price increase in the past seven days, XRP is off to a good start in 2025 as well.
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At the time of writing, XRP is down 1.97% over the past 24 hours to $2.40, after bulls encountered resistance around the January 4 high of $2.5. This decline also reflects minor profit-taking across the cryptocurrency market after big gains at the beginning of the year.
In light of this, the next key level to watch in XRP price action is $2.24 where it is trading in a symmetrical triangle pattern. if Ripple price If the price declines and drops below $2.24, XRP may remain in the trading range for a while.
On the other hand, a breakout and close above the triangle may indicate the beginning of a new upward movement. In this scenario, all eyes will be on the decisive breakout of $2.5 and then $2.72. This increases the potential for a rise to $3.
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