XRP Ledger Transfer Value Reaches $49.70 Billion as XRP Trades Near $1.25

The value of transfers on the XRP Ledger (XRPL) reached $49.70 billion as XRP traded near $1.25 on Oct. 19, a combination market analyst Ali Martinez linked to a possible bottom. Martinez described the area around $1.25 as support and said the transfer activity could signal a market bottom and a move toward $2 if XRP holds near that level. In a separate chart, he identified sustained closes above $1.56 as a condition for a move toward $2. XRP is the ledger’s native currency. The transfer figure measures tokens moved on XRPL and excludes exchange trading.

Source: TokenPost