Home News Trading volume of XRP surges as court rejects SEC’s allegations

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16 Jul 2022

Trading volume of XRP surges as court rejects SEC’s allegations

XRP, Ripple’s native token, has been hampered in its price growth by the ongoing lawsuit with U.S. SEC. Recent favorable court decisions in favor of the blockchain company have caused the token’s price to increase.

According to Santiments, the XRP network was incredibly active on Friday. In the final hour of the day, the token’s trading volume rose sharply to $18.7 billion. This increase shows significant price movement over the weekend.

According to the data, XRP’s trading volume at the start of the day was approximately $2 billion. In contrast, by the end of the day, it had risen to $18.7 billion. Currently, the 24-hour trading volume for tokens is $1.26 billion.

The Whale Alert indicated that at the moment, some enormous transactions were conducted. A whale amassed XRP tokens worth $14.8 million for the Bitstamp cryptocurrency exchange platform. Approximately $30 million worth of XRP tokens were transferred from unknown wallets to cryptocurrency exchanges.

In the last 30 days, the price of XRP has increased by nearly 7 percent. At the time of publication, its average trading price is $0.3405. Despite the lengthy litigation, the token’s market capitalization exceeds $16.46 billion.

According to Santiments, the XRP network was incredibly active on Friday. In the final hour of the day, the token’s trading volume rose sharply to $18.7 billion. This increase shows significant price movement over the weekend.

According to the data, XRP’s trading volume at the start of the day was approximately $2 billion. In contrast, by the end of the day, it had risen to $18.7 billion. Currently, the 24-hour trading volume for tokens is $1.26 billion.

The Whale Alert indicated that at the moment, some enormous transactions were conducted. A whale amassed XRP tokens worth $14.8 million for the Bitstamp cryptocurrency exchange platform. Approximately $30 million worth of XRP tokens were transferred from unknown wallets to cryptocurrency exchanges.

In the last 30 days, the price of XRP has increased by nearly 7 percent. At the time of publication, its average trading price is $0.3405. Despite the lengthy litigation, the token’s market capitalization exceeds $16.46 billion.

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