XRP Surges to 25% of Coinbase’s Trading Volume, Overtaking Bitcoin
XRP has become the most-traded cryptocurrency on Coinbase, surpassing Bitcoin. Key points include:
- XRP accounts for 25% of Coinbase's 24-hour trading volume, totaling $6.86 billion.
- Bitcoin follows with a 20% share, while Ethereum ranks third.
- XRP price reached $3.33, a sixfold increase since November, marking its highest level since 2017.
- The token's valuation increased by 33% this week, fueled by record futures trading and more large holders.
- Over 108,540 unique addresses hold at least $100,000 in XRP.
- XRP is the second-most traded asset on Binance.
- Analysts project a potential 5x rally to $15.
- XRP surged over 600% since Donald Trump's election victory in November.
- A meeting between Ripple CEO Brad Garlinghouse and Trump raised hopes for favorable regulatory support.
- Speculation about an upcoming spot XRP ETF approval could attract institutional investment.
- Potential creation of a US-based digital coin reserve may enhance XRP’s market significance.
As of now, XRP is trading at $3.26, up by 7.00% in the last 24 hours.