CryptoMediaClub
Tuesday, July 29, 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 steadies near $114,800 but fragility risk rises as leverage climbs
Analysis

Bitcoin steadies near $114,800 but fragility risk rises as leverage climbs

29.07.2025
0

Bitcoin (BTC) rebounded from a local low near $114,800, closing last week about 2.1% higher at $119,580 and turning the...

Read moreDetails
Increased market volatility as the U.S.–Europe tariff deadline looms

Increased market volatility as the U.S.–Europe tariff deadline looms

27.07.2025
Bitcoin’s four-year cycle loses grip as maturing market reshapes dynamics

Bitcoin’s four-year cycle loses grip as maturing market reshapes dynamics

25.07.2025
Bitcoin price could retest $110k amid market cooling, analyst warns

Bitcoin price could retest $110k amid market cooling, analyst warns

25.07.2025
Ancient whale sells $1.7 billion Bitcoin via Galaxy as price dips to $115k

Ancient whale sells $1.7 billion Bitcoin via Galaxy as price dips to $115k

25.07.2025
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 Bears Tighten Grip as RSI Plunges and Whales Sell Off

Bitcoin Bears Tighten Grip as RSI Plunges and Whales Sell Off

2 years ago
Exodus Donates $1.3 Million to Crypto Advocacy Group Ahead of US Elections

Exodus Donates $1.3 Million to Crypto Advocacy Group Ahead of US Elections

10 months ago
President Trump Indicators Govt Order Calling for US Sovereign Wealth Fund Creation

President Trump Indicators Govt Order Calling for US Sovereign Wealth Fund Creation

6 months ago
Cristiano Ronaldo and Binance Yet Again Team Up for New NFT Collection

Cristiano Ronaldo and Binance Yet Again Team Up for New NFT Collection

2 years ago

Categories

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

Highlights

Bitcoin Market Cycles and BTC Rallies Are Outdated

Bitcoin Price Prediction: Global Firms Pour $86B Into BTC – Could This Trigger a New “Institutional Supercycle”?

Vietnam Launches National Blockchain Platform for Data Verification

Meme Coin Supercycle? DOGE Price Up 50%, BONK 150%, FLOKI 80%

Over 99% of Banking Transactions in Australia Conducted Online

One-Click Cloud Mining: PAXMINING Opens Doors for XRP & Digital Asset Users

Trending

Bitcoin Faces Doomsday Scenario as Whales Exit – Bitcoin Hyper (HYPER) Rewrites the Narrative, ICO Hits $5.4M
All news

Bitcoin Faces Doomsday Scenario as Whales Exit – Bitcoin Hyper (HYPER) Rewrites the Narrative, ICO Hits $5.4M

29.07.2025
0

A Satoshi-era holder was recently confirmed to have offloaded their Bitcoin (BTC) stack for $9 billion –...

Bitcoin steadies near $114,800 but fragility risk rises as leverage climbs

Bitcoin steadies near $114,800 but fragility risk rises as leverage climbs

29.07.2025
BNB ($BNB) Bulls Charge Ahead to $843, Can Institutional Momentum Push It Higher?

BNB ($BNB) Bulls Charge Ahead to $843, Can Institutional Momentum Push It Higher?

28.07.2025
Bitcoin Market Cycles and BTC Rallies Are Outdated

Bitcoin Market Cycles and BTC Rallies Are Outdated

28.07.2025
Bitcoin Price Prediction: Global Firms Pour $86B Into BTC – Could This Trigger a New “Institutional Supercycle”?

Bitcoin Price Prediction: Global Firms Pour $86B Into BTC – Could This Trigger a New “Institutional Supercycle”?

28.07.2025
  • 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