XRP has emerged as the top altcoin in terms of trading volumes on US crypto exchanges, surpassing popular cryptocurrencies like Solana, Litecoin, and Shiba Inu. Despite previous regulatory challenges and being blacklisted from major exchanges, XRP has defied bearish expectations.
Its 24-hour average trading volume has exceeded $1 billion, showing significant growth compared to August. XRP’s cumulative trading volume for 2023 has reached an impressive $30 billion, with Solana and Litecoin following behind. The spike in demand for XRP in the US may be attributed to investors seeking to profit after a court ruling declared it a non-security.
Token price still holding above $0.5 | Source: XRPUSD on Tradingview.com
The cryptocurrency has also demonstrated resilience in liquidity, with improved market depth and relatively stable price value. XRP has regained listings on multiple exchanges and is expanding its services globally to promote cryptocurrency adoption.
Source: BITCOINIST
