XRP recorded $1.81 billion in combined spot and futures volume on April 16, a sharp spike in trading activity as the token’s price held at $1.36. The surge in volume points to renewed trader interest as positive regulatory developments appear on the horizon.
Standard Chartered analyst Geoffrey Kendrick has maintained a year-end price target of $2.80 for XRP, according to recent reports. The primary catalyst cited is the CLARITY Act, a bill aimed at providing regulatory certainty for digital assets, which has recently gained endorsements from Coinbase CEO Brian Armstrong and Treasury Secretary Bessent.
The $1.81 billion volume figure, recorded in a single session, represents a significant increase over previous periods. As of April 14, XRP’s market capitalization stood at $83.5 billion. The price is trading just below its 50-day exponential moving average of $1.38, with weekly net inflows of $119.6 million into XRP investment products logged by CoinShares for the week ending April 11.
The passage of the CLARITY Act is seen by many investors as the key to unlocking billions in new capital from exchange-traded funds and other institutional products. While newer projects in the decentralized finance space compete for attention, the renewed volume in XRP suggests that major market participants are positioning for a potential price breakout driven by regulatory clarity.
This article is for informational purposes only and does not constitute investment advice.
