With the increasing interest of US investors Ripple $3.3‘s XRP became the most traded altcoin on the Coinbase exchange. XRPBitcoin on the cryptocurrency exchange listed on Nasdaq 
$101,851.7He left behind. On the other hand, the Bitcoin exchange continues to maintain its leadership over Binance. at this point BinanceIt should be noted that is closed to US investors.
Demand for XRP is Increasingly Increasing in the USA
coinbase Trading volume on the exchange shows that demand for XRP has revived in the United States. As it is known, XRP is closely related to the Blockchain-based payment network Ripple. The Coinbase Premium indicator predicted this increase in demand about a week ago.
Especially Ripple CEO Brad GarlinghouseInterest in XRP increased after ‘s meeting with Donald Trump. Additionally, speculation that an XRP spot exchange-traded fund (ETF) would be approved in the US also supported this increase in interest.
According to data from CoinGecko, the XRP/USD trading pair accounted for 25 percent of Coinbase’s 24-hour trading volume of $6.86 billion. BTC/USD ranked second with a 20 percent share. On Binance, XRP is the second most traded cryptocurrency happened.
Record Increase in Price and Number of Investors
Since November 2024, the price of XRP has increased by over 600 percent, reaching $3.33. This level was the highest price since 2017. The altcoin’s market cap increased by 33 percent this week alone.
Also XRP futures marketOpen positions in broke a record. With this TradingView And CoinMetrics data shows that the number of wallet addresses holding at least $100 thousand worth of XRP increased to 108 thousand 540. The increase in the number of large investors contributes to the rise of the market.
XRP’s rise is currently supported by both market data and investor interest. This activity among investors in the USA RippleIt promises hope for the future of .
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
