Expert Highlights Low XRP Volume and Its Impact on Current Price Surge

Concerns Over XRP's Price Rally: Software engineer Vincent Van Code warns that XRP's recent price increase is not supported by sufficient trading volume, making it vulnerable to reversals and manipulation.

Low Trading Volume Implications: Van Code highlights that low liquidity allows small trades to significantly impact prices, creating conditions for speculative trading and potential market distortions.

On-Chain Activity Insights: XRP's decentralized exchange activity remains low, indicating that retail traders and long-term holders are not actively participating, which suggests the rally is primarily driven by short-term speculation.

Need for Sustained Liquidity: For XRP's price gains to be meaningful, analysts stress the importance of deeper order books and increased trading volume, as past successful rallies were supported by robust market participation.