The XRP coin has already lost traction based on its record for the first quarter of 2022 which contributed a negative impact on trading volume over the period.
What happen?
XRP’s turnover for the first quarter of 2022 was just $ 203.94 billion, 68% lower than the 2021 first quarter record.
For the record, at that time XRP recorded a trading volume worth around $ 640.70 billion.
The distance between the two periods saw XRP’s trading volume difference shrink by $ 436.75 billion.
The decline in XRP trading volume can be detailed as follows:
January 2021
XRP recorded a trading volume of around $ 212.56 billion.
For the daily record, the highest value could reach $ 24 billion.
February
Positive cryptocurrency sentiment pushed trading volume to $ 293.94 billion
Highest daily record: $ 34 billion
Mac
Turnover has shrunk to $ 134.19 billion
The daily record is just $ 9.73 billion
January 2022
Investors have lost interest in XRP
The trading volume of this asset is only around $ 53.05
The daily record reached just $ 3.61 billion
February
Turnover slightly increased to $ 80.91 billion.
The daily record is just $ 6.15 billion, the best monthly performance
Mac
Trading volume declined again, touching the $ 69.97 billion level
The daily record returned to the $ 3.73 billion level
Dated January 1, 2022, a unit of XRP valued at $ 0.831, reached a quarterly high of $ 0.911 and closed the first quarter at $ 0.814.
Here it can be seen that the XRP price has declined by 2% for the period from the beginning to the end of the first quarter of 2022.
But for a record January 1, 2021, XRP recorded a value of $ 0.220, reached a quarterly high, $ 0.745 and closed in the first quarter at $ 0.574.
For the record, XRP has recorded a price increase of 161%, a positive performance.
However, it may be time for investors to reveal their boredom with the Securities and Exchange Commission (SEC) - Ripple lawsuit that somehow wants to reach a decision.
How about you? Still hodl again or already moved to another crypto asset?
