XRP Volume Jumps 70% as Total Market Liquidations Hit $387 Million
Analysis
Price Impact
MedA 70% jump in xrp's trading volume, especially on derivatives markets, indicates increased trader interest and potential for significant price movement. this is driven by anticipation of key us economic data releases, which could influence federal reserve policy and overall market sentiment.
Trustworthiness
MedThe data comes from reputable sources like coinmarketcap and coinglass, which are standard for crypto market analysis. however, the article also contains disclaimers about the speculative nature of crypto trading and the opinions of individual writers, suggesting a need for caution.
Price Direction
NeutralWhile volume has increased, xrp's price is only slightly up, indicating a mixed sentiment. the upcoming economic data is a significant wildcard; positive data could be bullish, while negative data could be bearish. the market remains cautious overall.
Time Effect
ShortThe immediate impact of the volume jump and the anticipation of economic data (cpi, pce, jolts) are short-term catalysts. the market is waiting for these data releases to determine the next significant price direction.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. XRP volume rose on the spot and derivatives markets as traders expect a big week ahead in economic data. Advertisement According to CoinMarketCap data , XRP trading volume rose 70% in the last 24 hours to $2.2 billion. Across the derivatives market, XRP volumes rose 67% in the last 24 hours to $3.22 billion, according to CoinGlass data. U.S. inflation data is the major catalyst to watch this week, as it could move the needle on market sentiment and Federal Reserve interest rate cut potential. Investors are looking ahead to a busy week of economic data, including February inflation data on Wednesday. The U.S. CPI and Core CPI data is expected on March 11. The personal consumption expenditures index and JOLTs job opening figures for January are expected on Friday. HOT Stories Breaking: Strategy Buys $1.3 Billion Worth of Bitcoin (BTC) XRP Suffers $30.3 Million Blow From ETFs, Is Shiba Inu (SHIB) Now Available in Europe by Coinbase? Dogecoin (DOGE) Hints at 37% Breakout Chance: Morning Crypto Report You Might Also Like Sun, 03/08/2026 - 18:33 XRP Holders Facing $51 Billion Worth of Unrealized Losses By Alex Dovbnya Advertisement Additionally, Federal Reserve officials are currently in their premeeting period ahead of the March interest rate decision. $360 million in total liquidations The crypto market saw whipsaw action on Monday as prices fell previously in response to macro concerns. This was, however, reversed, with most cryptocurrencies — including XRP — returning to trade in the green. You Might Also Like Sat, 03/07/2026 - 12:52 XRP Price at Make-or-Break Point, Bollinger Bands Signal By Godfrey Benjamin Advertisement The zigzag price action caught both bullish and bearish traders unawares as both were liquidated almost equally. According to CoinGlass data , $360 million in crypto positions were liquidated; longs accounted for $207 million, while shorts came in at $153 million. At the time of writing, XRP was trading up 0.63% in the last 24 hours to $1.35, following a four-day drop in the past week. The cautious mood that has dominated crypto markets since prices started crashing in October has not lifted, with most cryptocurrencies staying at the lower part of their trading range. The lack of conviction in a sustained crypto rally is indicated by exchange-traded funds flows that turned negative again at the end of last week. #XRP News #XRP