- WhaleWire revealed that XRP was able to surpass BTC in terms of trading volume after its SEC win.
- The price of XRP increased by more than 6% over the past 24 hours of trading.
- From a technical perspective, long-term momentum indicators on XRP’s daily chart were aligned bullishly.
The crypto market insights platform, WhaleWire, shared on Twitter yesterday that Ripple (XRP) was able to surpass Bitcoin (BTC) in terms of trading volume. After its remarkable SEC win, the remittance token accounted for about 21% of the total crypto trading volume.
JUST IN: $XRP has surpassed Bitcoin, accounting for 21% of total crypto trading volume after win against SEC.Trading volume hit nearly $25 billion in four days, and recorded its largest volume in the past one and a half years. pic.twitter.com/HXJEDkyrtf
— WhaleWire (@WhaleWire) July 18, 2023
WhaleWire also revealed that XRP’s trading volume hit $25 billion in just 4 days. This ended up being the largest recorded volume for XRP over the past year and a half. This news has certainly captured the attention of investors as XRP’s price rose by more than 6% over the past 24 hours alone, according to CoinMarketCap.
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