XRP (XRP-USD) has officially claimed the top spot in Coinbase’s 24-hour trading volume, surpassing Bitcoin (BTC-USD) and Ethereum (ETH-USD). According to CoinGecko, XRP accounted for 25% of Coinbase’s $6.86 billion trading volume, leaving Bitcoin and Ethereum trailing in second and third place. This marks a major shift in U.S. investor interest, particularly as Bitcoin still dominates on Binance, which is inaccessible to U.S. traders.
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Ripple’s Growth Fuels XRP’s Record Price Levels
Ripple’s payment-focused cryptocurrency has seen an incredible 600% price surge since November, now trading at $3.33—its highest level since 2017, according to CoinDesk. Part of this momentum stems from Ripple CEO Brad Garlinghouse’s recent meeting with President-elect Donald Trump, sparking speculation about a potential XRP spot ETF approval in the U.S.
Investors Boost XRP Futures and Holdings
Further fueling XRP’s rally is record-breaking futures open interest and a sharp increase in major holders. CoinMetrics data shows over 108,000 unique addresses now hold at least $100,000 worth of XRP, reflecting growing confidence in its long-term potential.
At the time of writing, XRP is sitting at $3.3220.
