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I just saw the spot volume of XRP surge dramatically today. Data shows significant buying activity in the last 24 hours, which is usually an indicator of institutional accumulation or major repositioning in the market.
Interestingly, this spike occurs while XRP is still in a weaker long-term trend, but is starting to form higher lower highs. This could mean selling pressure is easing and there is potential for a bottom formation. If this pattern continues, it could be an early signal of a change in sentiment.
Looking at this spot activity, it seems like a major player is starting to accumulate. Worth watching for the next movement of the Ripple ecosystem.