HomeCrypto NewsMarketXRP Now Ranks as 5th Crypto Asset by Trading Volume on Binance

XRP Now Ranks as 5th Crypto Asset by Trading Volume on Binance

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XRP trading volume has soared on Binance in the past day.

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XRP has recorded a significant milestone on Binance by ranking as the fifth coin with the highest trading volume in the past 24 hours. According to data on Binance, XRP, which ranks as the fifth cryptocurrency with the highest trading volume, sits ahead of other top crypto assets, including Aptos (APT), Litecoin (LTC), Dogecoin (DOGE), Binance Coin (BNB), and Cardano (ADA). 

However, XRP is ranked behind Bitcoin (BTC), Ethereum (ETH), Solana (SOL), etc., in terms of Binance’s 24-hours trading volume. It is noteworthy that over the past 24 hours, Binance users have traded a whopping $72.8M worth of XRP.

XRP on 5th place on Binance
Image source httpswwwbinancecomenmarkets

Aside from the data on Binance, XRP also recorded a massive increase in its overall trading volume across various crypto trading platforms, including KuCoin and Gate.io. Per data on Binance-acquired cryptocurrency aggregator platform CoinMarketCap, XRP 24-hour trading volume spiked by 38.39% to $1.21 billion across various crypto trading platforms, including KuCoin and Binance.

Growing Interest in XRP As Ripple Lawsuit Nears Its End

The data suggest a growing interest in XRP among cryptocurrency users. As the lawsuit between Ripple and the SEC edges closer to its end, there has been a growing curiosity about XRP. In recent times, deep-pocketed crypto investors have shuffled huge amounts of XRP to and from exchanges.

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As reported by TheCryptoBasic today, these high-net-worth investors shuffled a combined 122M XRP worth about $41.48 million. Out of the total XRP shuffled, Silicon Valley blockchain company Ripple moved 50 million XRP ($17.4 million) to an anonymous whale. It is not surprising to see a massive spike in XRP’s 24-hours trading volume. Yesterday, as reported, Ripple moved 100M XRP, while Whales Shuffled 479M+ Tokens.

As the Ripple vs. SEC lawsuit nears its end, several crypto and legal experts like John Deaton believe Judge Analisa Torres will grant a victory in favor of the blockchain company. 

Meanwhile, XRP is still ranked as the sixth cryptocurrency by market capitalization, with a market cap of $17.67 billion. At the time of writing, XRP is changing hands around $0.3487.  

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Author

Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

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