In the past 24 hours, XRP has dropped 2.77%, landing at $2.93 in the most recent trading session. This dip came alongside a broader pullback across the digital asset market. XRP’s trading volume dropped by 7.47%, now sitting at $5.43 billion, while its market cap stands at $174.67 billion. The price touched a peak of $3.0552 on August 5 but couldn’t push beyond that level. Out of the total 100 billion token supply, 59.3 billion are currently in circulation, a figure being watched closely by traders as XRP lines up for its next breakout.
Amidst volatility, investors maintain a concentration of long-term growth prospects, especially in high-utility sectors. The decentralized infrastructures and real-time data analysis capabilities that are created based on blockchain have become increasingly popular in this environment. The popularity of one of these, is spreading because of its technical structure as well as sales before the listing.
