In recent weeks, XRP has reached an important milestone; in terms of trading volume, it has become the most traded altcoin in the United States. This increase in trading activity follows Ripple Labs’ recent legal victory against the SEC, which led to renewed investor interest in XRP.
With a trading volume of over $150 billion, XRP has surpassed other popular altcoins such as Solana (SOL), Dogecoin (DOGE), Cardano (ADA) and Shiba Inu (SHIB). This achievement signifies the growing prominence and resilience of XRP within the cryptocurrency market.
XRP shines brightly as the leading Altcoin worldwide
On the global market, the rise of XRP is not limited to the United States. Trading volume has surpassed other altcoins, demonstrating its widespread popularity. In August alone XRP obtained a remarkable daily trading volume of $462.8 million, surpassing its closest competitor Solana by a whopping 3.6 times.
XRP’s exceptional growth has positioned it as one of the most actively traded cryptocurrencies, following closely in the footsteps of Bitcoin and Ethereum.
Although XRP recently experienced a price drop, it still posted an impressive monthly gain of over 38%. This remarkable increase added approximately $10 billion to the market capitalization.
XRP liquidity rises, restoring investor confidence
XRP’s liquidity has had a significant impact increase; before the legal ruling, the market depth was $8 million, but by early September it has risen to $12 million. This notable increase in liquidity and market depth reflects the renewed interest in XRP following positive legal developments involving Ripple Labs and the SEC.
XRP continues to dominate headlines and set impressive trading records, demonstrating its remarkable power and untapped potential. Currently, XRP is trading at $0.5138, up 3.6% in the past 24 hours.