XRP is currently among the top trending assets on KuCoin, and the leading price-tracking platforms CoinMarketCap and CoinGecko.
XRP has continued to garner the interest of the broader crypto community due to its unique position and penchant for solo rallies. This increased attention has skyrocketed XRP to the top trending lists on several platforms, including Seychelles-based exchange KuCoin and leading price-tracking platforms CoinMarketCap and CoinGecko.
XRP on KuCoin’s Top 5
KuCoin unveiled the top 5 trending assets on its platform in the past week, determined by search popularity. Among these assets are newly introduced tokens, Pepe Token (PEPE) and Tenet (TENET), occupying the first and second positions. XRP ranks third on the list, surpassing the final two assets, Refund Coin (RFD) and Sui Token (SUI).
Top 5 coins by weekly search popularity on #KuCoin (June 1, 2023)
? $PEPE
? $TENET
? $XRP
? $RFD
? $SUI#KuCoinTop5 pic.twitter.com/CMOAAomyfR— KuCoin (@kucoincom) June 2, 2023
The KuCoin list prominently features tokens introduced within the past two months. It is common for newly launched assets to occupy positions on “Trending Assets” lists during their initial months, as investors are still intrigued by the potential for profitable returns in the early stages.
XRP’s position on the list is solely attributed to the increased interest from investors, despite the asset’s longstanding presence in the market for over ten years. XRP’s recent price movements have garnered significant attention from the broader community, leading to a surge in demand.
CoinMarketCap
Additionally, XRP is among the top 5 trending assets listed on CoinMarketCap, a widely referenced price-tracking platform. Similar to the KuCoin list, trending assets on CMC are primarily led by PEPE and consist predominantly of assets introduced within the last two months.
Newly-introduced tokens Linear Finance (LINA), Trump Inu (TRUMPINU), and Injustice Sumarai (IS) respectively claim the second to fourth positions, with XRP occupying the fifth spot. This achievement serves as a further testament to the increasing interest in XRP.
CoinGecko
In addition to CoinMarketCap, investors who utilize CoinGecko as a resource for tracking prices and market trends also display a growing interest in XRP. XRP is fourth on CoinGecko’s list of the top 5 trending assets.
Like KuCoin and CoinMarketCap, the top 5 list on CoinGecko is primarily filled with recently launched assets, except Bitcoin (BTC). PEPE claims the first position, followed by SUI and Aptos (APT) in second and third place, respectively. Bitcoin occupies the fifth spot on the list.
XRP Trade Volume
The surge in investor interest is also evident in XRP’s trade volume. Although there has been a slight decrease in trade volume over the past four days, XRP maintains the third-highest 24-hour trading volume among non-stablecoins, with a substantial volume of $912.6 million.Â
On May 30, XRP’s trade volume surpassed the $2 billion mark for the first time in two months, indicating a significant surge in market interest. This was supported by notable spikes in XRP’s daily active addresses on May 28 and May 29, as reported by The Crypto Basic.
The sudden interest in XRP is not unexpected, as the asset has recently indicated signs of launching a solo run similar to what was observed in late March. The asset recently broke above a two-year downtrend on the XRP/BTC chart as it outperforms BTC by 30%. XRP is trading for $0.52 as of press time, up 10.8% in the past week.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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