XRP skyrocketed as recently as last week to a value of $0.93; however, doubts have been raised about whether this upswing is nearing completion due to a surge in resistance. The asset scraped to a cool $0.9380 during the August 13 trading day, only to see its momentum pervaded by a rising wave of bearishness. On-chain data also surfaced showing increased trade volumes throughout July; at one point surpassing 4 million trades per minute. At its highest upon the discussions and rulings August 13 trade volumes reached a remarkable $10.4 billion, while still reaching an astonishing $2.5 billion for July 17, twice the typical annual median. Despite undergoing a slight slump or dip the subsequent day coming in at merely $120 million, July 19 recorded an admirable $3.9 billion growth; nonetheless prompting XRP to forcefully pry back to at least the $0.80 value level. Basing it on a weekly figure, XRP currently earns an overall upwards factor of 4%, being traded at around $0.7429 until quite recently. With numerous individuals speculating upon the outcome of this activity, the XRP market has embraced a certain ambivalence.
