Key Notes

XRP trading volumes shot up 354% above the 30-day average, signaling a potential completion of the liquidity flush.

On-chain data shows wallets holding over 1 billion XRP increased their holdings from 23.98 billion to 25.02 billion.

XRP is showing its second-longest capitulation wick in history, similar to 2017 before a major rally.

Amid the broader crypto market crash, Ripple’s native crypto XRP has corrected 13% and is currently trading at $2.44. However, the intraday chart shows that XRP took a dive to the lows of $1.5, before recovering again. The trading volume has surged 357% to more than $21.5 billion while interest has spiked again.

XRP Price Stages Sharp Rebound From Bottom

XRP suffered one of its steepest single-day declines in recent years on Friday, October 10,

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