CryptoMediaClub
Tuesday, July 8, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Analysis

Ripple XRP demand in the US hits pre-SEC lawsuit levels with 14% of global volume

06.08.2024
A A
0
122
VIEWS
ShareShare

Demand for Ripple’s XRP in the United States has surged to its highest level in four years, reaching figures last seen before the Securities and Exchange Commission (SEC) alleged the token was a security in 2020.

Data from Kaiko shows that XRP’s trading volume on US centralized exchanges has jumped to 14% of global XRP volume, up from less than 2% a year ago. This marks a return to pre-SEC lawsuit levels when the digital asset ranked among the top three digital assets by market capitalization.

Ripple Volume
Share of Ripple XRP Volume on US Exchanges (Source: Kaiko)

Amid the protracted legal battle with the SEC, XRP saw a drastic decline in interest as several crypto platforms delisted it from their platforms. However, things began to change last year after Ripple secured a judgment that declared that XRP sales on secondary trading platforms were not securities transactions.

Following the ruling, major US exchanges like Coinbase and Gemini relisted XRP, unlocking substantial demand from American traders.

XRP spot volume

Notably, Ripple’s quarterly report confirmed that interest in the XRP token was high.

According to the firm, digital asset’s spot trading volume ranked among the top three in the industry during the second quarter.

It stated:

“[XRP] traded volumes remained elevated throughout the first half of the quarter…The latter half of Q2 maintained consistently high traded volumes across the major exchanges.”

Ripple XRP Volume
Ripple XRP Spot Volume in Q2 (Source: Ripple)

This surge in interest is not unexpected, considering XRP has attracted significant attention amid speculation about a potential settlement with the SEC. Last month, XRP was the top-performing asset among the top ten digital currencies, achieving a 35% gain, outperforming Bitcoin and others.

XRPL volume down

Meanwhile, Ripple’s XRP Ledger (XRPL) network experienced a significant drop in transaction volume during the second quarter, falling to 86.39 million transactions—a 65.6% decrease from the previous quarter.

Ripple attributes this decline to a broader trend affecting major blockchain protocols, with XRPL reflecting a similar downturn. Notably, the average transaction fees on the network spiked by 168% to 0.00394 XRP during the period.

XRPL
XRPL On-chain activity (Source: Ripple)

However, Ripple remains confident about XRPL’s future, anticipating a boost in network activity with features like the XRPL Ethereum Virtual Machine (EVM) sidechain, Axelar interoperability, and the new Oracle and Multi-Purpose Token (MPT) standard.

Additionally, the firm believes introducing tokenized real asset platforms like OpenEden and the upcoming launch of the Ripple USD (RLUSD) stablecoin would drive further growth for the blockchain.

The post Ripple XRP demand in the US hits pre-SEC lawsuit levels with 14% of global volume appeared first on CryptoSlate.

Share9Tweet6ShareSharePin2

Related Posts

Bitcoin remains stuck in $100k-$110k band as retail and whales enter potential standoff
Analysis

Bitcoin remains stuck in $100k-$110k band as retail and whales enter potential standoff

08.07.2025
0

Bitcoin (BTC) continued to trade between $100,000 and $110,500 for a second consecutive week as smaller investors replaced whales on...

Read moreDetails
XRP Ledger logs 34% in RWA monthly growth, eyes bigger boost from Mercado Bitcoin partnership

XRP Ledger logs 34% in RWA monthly growth, eyes bigger boost from Mercado Bitcoin partnership

04.07.2025
Dormant Bitcoin holder moves $2 billion BTC from 2011 for potential 14,000,000% gain

Dormant Bitcoin holder moves $2 billion BTC from 2011 for potential 14,000,000% gain

04.07.2025
Why a handful of altcoins are surging over 30% as Bitcoin trends sideways

Why a handful of altcoins are surging over 30% as Bitcoin trends sideways

04.07.2025
Polymarket bettors forecast 75% chance Bitcoin reaches $120k in 2025 as prediction volume jumps 30%

Polymarket bettors forecast 75% chance Bitcoin reaches $120k in 2025 as prediction volume jumps 30%

04.07.2025
Load More
Next Post
Bitcoin Price Soars Past $55,000 as ETF Trading Volume Surges Amid Market Volatility

Bitcoin Price Soars Past $55,000 as ETF Trading Volume Surges Amid Market Volatility

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Bitcoin Price Forecast: Robert Kiyosaki Reveals Shocking $500K Prediction for 2025 – Could BTC Hit $1M by 2030? 

Bitcoin Price Forecast: Robert Kiyosaki Reveals Shocking $500K Prediction for 2025 – Could BTC Hit $1M by 2030? 

10 months ago
Bitcoin Payments Firm Strike Expands Operations in New Countries

Bitcoin Payments Firm Strike Expands Operations in New Countries

2 years ago
Invesco Galaxy applies for spot Ether ETF

Invesco Galaxy applies for spot Ether ETF

2 years ago
Shibarium Activity Surges as Validators Join Network

Shibarium Activity Surges as Validators Join Network

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

London Duo Jailed for $2 Million Crypto Scheme

Bitcoin remains stuck in $100k-$110k band as retail and whales enter potential standoff

ChatGPT’s 42-Signal TON Analysis Flags Critical $2.70 Support Collapse After UAE Golden Visa Scandal

Pi Coin Price Prediction: Daily Volume Collapses Below $100M – Are Whales Dumping and Vanishing for Good?

DDC Enterprise’s Bold Bitcoin Move: Boosting Holdings to 368 BTC Signals Strategic Shift

BONK’s SOL Buying Spree Counters Pump.Fun $741M Sell-off – Can LetsBONK Trigger 70% Pump?

Trending

Vitalik Buterin Urges Crypto to Embrace ‘Copyleft’ Licensing to Revive Open-Source Ethos
All news

Vitalik Buterin Urges Crypto to Embrace ‘Copyleft’ Licensing to Revive Open-Source Ethos

08.07.2025
0

Ethereum co-founder Vitalik Buterin has called on the crypto community to shift toward “copyleft” licensing, arguing that...

[LIVE] Crypto News Today: Latest Updates for July 8, 2025 — Nasdaq-Listed Murano Global Adopts Bitcoin Treasury Strategy With $500M Backing

[LIVE] Crypto News Today: Latest Updates for July 8, 2025 — Nasdaq-Listed Murano Global Adopts Bitcoin Treasury Strategy With $500M Backing

08.07.2025
Software Developer Polaris Office Joins South Korea’s Stablecoin Craze

Software Developer Polaris Office Joins South Korea’s Stablecoin Craze

08.07.2025
London Duo Jailed for $2 Million Crypto Scheme

London Duo Jailed for $2 Million Crypto Scheme

08.07.2025
Bitcoin remains stuck in $100k-$110k band as retail and whales enter potential standoff

Bitcoin remains stuck in $100k-$110k band as retail and whales enter potential standoff

08.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz