- XRP’s exchange net position surged by 283M tokens, driving its price to near $3.
- XRP saw a 4.31% price increase in 24 hours, despite a 21.63% drop in trading volume.
- XRP’s fully diluted valuation stands at $239.67B, reinforcing its market dominance.
XRP has recently recorded a surge in both its price and exchange activity. According to Glassnode, over 283 million XRP tokens flowed into exchanges, marking the largest influx in eight months. This change in XRP’s exchange net position correlates with a rise in its price, which surged to nearly $3 by early July 2025.
Between June 23 and June 28, XRP’s exchange net position consistently declined, with negative red bars on the Glassnode chart. This decline in net position aligned with a downward movement in XRP’s price, indicating that many holders were offloading their assets.
This period of reduced exchange net position shows that market sentiment, regulatory concerns, or other external factors could have been driving investors to liquidate their holdings. As XRP holders moved their tokens off exchanges, the price followed suit, reflecting a bearish market sentiment.
However, starting June 29, a reversal occurred. The chart displayed green bars, signifying a large increase in XRP’s exchange net position. This change coincided with a price surge that pushed XRP above $2.50 by July 1.
The rally continued, and by July 7, XRP reached nearly $3. The rise in both the exchange net position and XRP’s price suggests that more holders were moving their XRP onto exchanges, likely in anticipation of further market movement or to capitalize on trading opportunities.
XRP’s Recent Price Action and Market Dynamics
Over the past 24 hours, XRP has gained 4.31%, reaching a price of $2.39. This price movement came after a dip earlier in the day, showing the cryptocurrency’s resilience despite short-term fluctuations. XRP’s market capitalization now stands at $141.57 billion, making it the fourth-largest cryptocurrency by market cap.
Although XRP has experienced a price surge, its trading volume has declined by 21.63% to a total of 3.78 billion in the last 24 hours. This decline in volume did not impede the rise in prices, which indicates that it is not the increased trading turnover, but the sentiment in the market that is moving the prices upwards. The fully diluted valuation (FDV) of XRP is $239.67 billion, which further supports its worth in the crypto market. XRP continues to have a significant influence in the market, dominating 2.66% of the market.
