XRP Trading Volume Soars 73% as Bitcoin Surpasses $87,000

What started as a quiet Monday turned into a major surprise for crypto traders. Instead of a cautious market, Bitcoin surged past the $87,000 mark for the first time in weeks, and XRP’s trading volume skyrocketed by 73% within just 24 hours, according to CoinMarketCap.

Such dramatic shifts in volume rarely appear out of nowhere. XRP’s price climbed to $2.13, showing a 3.39% increase for the day, while its market capitalization edged above $124 billion. However, the standout figure is the trading volume, which now reaches $2.34 billion—an indication of renewed speculative interest in the asset.

Market speculation suggests that reports of possible leadership changes at the Federal Reserve have unsettled confidence in U.S. monetary policy. This uncertainty pushed the dollar to a three-year low and sparked increased interest in alternative investments. Bitcoin reacted first, breaking above $87,200, while gold also set a new all-time high at $3,382, signaling broader market unease.

For XRP, the surge in the volume-to-market cap ratio, now at 1.88%, indicates more than just a price increase; it shows a significant boost in trading engagement. As Bitcoin rallies, many alternative cryptocurrencies are gaining a modest price boost and improved liquidity.

Looking ahead, if the pressure on the Fed continues and the dollar continues to slide, the broader crypto market could see further upward movement. While Bitcoin may target $90,000, XRP’s recent burst in activity suggests it is forging its own promising path.

The key question remains whether this spike marks the beginning of a larger trend or is simply a momentary surge amid an increasingly unpredictable macroeconomic environment. Regardless, trading volume is back on the map, reigniting interest in the crypto sector.