XRP Sees $2.17 Billion Surge in Hot Capital Signals Market Activity Spike

XRP, the cryptocurrency linked to Ripple Labs, has experienced a significant jump in trading activity, as revealed by blockchain analytics firm Glassnode. The platform’s latest data shows that XRP’s “hot capital,” representing short-term investment inflows, surged from $0.92 billion on April 20th to $2.17 billion by April 28th, a remarkable increase of 134.9% in just over a week. This spike indicates increased speculative trading activity among investors.