- XRP accounted for 25% of Coinbase’s 24-hour trading volume, surpassing Bitcoin with $1.7 billion in trades.
- Globally, XRP ranks third in trading activity with $20 billion in volume and $8 billion in open futures interest.
- Speculation about the U.S. using XRP in a potential digital reserve has fueled excitement, though experts advise caution with such rumors.
XRP is making waves in the cryptocurrency market, with recent data revealing its dominance in trading activity on Coinbase.
XRP Outpaces Bitcoin in Coinbase Trading Volume
According to CoinGecko, XRP/USD has accounted for over 25% of Coinbase’s 24-hour trading volume, logging an impressive $1.7 billion in trades. For context, Bitcoin’s BTC/USD pair came in second at $1.3 billion (roughly 19.6%).
XRP’s Trading Momentum Hits Third Overall
XRP has secured its spot as the third-most traded cryptocurrency globally, just behind Bitcoin and Ethereum, with a jaw-dropping $20 billion in overall volume. Futures data from CoinGlass shows open interest for XRP hitting $8 billion, accompanied by a sharp rise in liquidated shorts worth over $18 million in just 24 hours.
Speculative Rumors Fuel XRP’s Surge
Adding fuel to XRP’s meteoric rise, rumors suggest the U.S. may be considering the token as part of a potential digital reserve system—first reported by the New York Post. While the buzz has energized the XRP community, experts urge caution, reminding traders to approach such claims with skepticism.
XRP is riding high, but as always in crypto, a mix of market analysis and cautious optimism is key.
