XRP trades exceeded BTC in the last week following the groundbreaking ruling that Ripple did not violate federal securities law by selling the token on public exchanges.
, regarding crypto trade volume in the last week. While XRP saw a 21% trading volume share during that period, BTC came behind with a mere 20% trading volume.
“What’s interesting about XRP is that the lawsuit and exchange de-listings did not have an overly negative impact on price or volume at the time. After XRP was de-listed from most U.S. platforms in 2021, the token maintained a strong offshore following. Korean exchanges, in particular, have seen huge volumes for XRP, with Upbit and Bithumb collectively processing $476bn in trades since the lawsuit.
“Today, XRP is trading at 15-month highs, although volumes are at just 10-month highs, which suggests that despite this massively bullish catalyst, global trading activity remains subdued.”XRP traders renewing their belief in the alt
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