XRP Breaks Record as Velocity Soars to New High, Driving Price Potential

CryptoQuant reports that the XRP Ledger has hit a record high in transaction velocity, reaching 0.0324. This signifies an unprecedented surge in activity on the network. The surge in transactions is driven by institutional investors who are buying large amounts of XRP from exchanges. This shift in market behavior raises questions about how this trend will affect XRP price.