After a positive court judgment, XRP experiences an exceptional increase in demand and commercial activity
After a positive court judgment, XRP experiences an exceptional increase in demand and commercial activity
XRP learns extraordinary increase in demand and commercial activity according to the court ruling
According to a positive court ruling compared to the SEC case, the cryptocurrency XRP has an exceptional increase in demand and commercial activity. With over 1 million trades per minute worldwide, XRP has become the focus of investors' attention worldwide. This unprecedented growth takes place after a time of legal uncertainty and trade restrictions and positions XRP for potential success on the cryptocurrency market.
The visionary entrepreneur and self -proclaimed "crypto crusader", Nick, quickly recognized the unprecedented growth potential of XRP. On social media, Nick expressed his awe before the increasing demand for XRP and emphasized its unstoppable upward trend. With unshakable confidence, Nick is firmly convinced that this remarkable milestone is only the beginning of the extraordinary journey of XRP.
In addition, XRP recorded a significant increase in the commercial volume and reached $ 10.4 billion on July 13. This number may be impressive, but it is also worth mentioning that it is only the 76th largest volume in the history of XRP. This observation underlines the enormous potential of XRP and suggests that the latest volume increase may only be the beginning.
A tweet from Leonidas, the moderator of the popular crypto youtube channel XRParcade, underlines this point with the statement that the trading volume of XRP on July 13 has risen to $ 10.4 billion. Even if this appears like a large number, this was historically only the 76th largest daily trade volume of XRP. The highest level reached almost $ 37 billion on April 6, 2021. This historical context underlines that XRP has achieved even higher trade volumes in the past, which indicates the potential for further growth.
The court ruling, which XRP declares no security, favored the Altcoin, since XRP experienced a dramatic increase in the commercial volume, which increased from $ 613 million to $ 11.2 billion within a single day. The judgment of the Southern District Court of New York re -lived in the interests of investors in XRP and caused large stock exchange platforms such as Coinbase, Kraken and Crypto.com to list the asset again.
The market reacted by 85 % from $ 0.87 with an increase in XRP value. Despite the market decline, the token is currently traded at $ 0.78. In addition, the XRP market capitalization also experienced a significant increase and reached $ 40.8 billion within the last 24 hours. This makes XRP in terms of the fourth largest cryptocurrency in terms of market capitalization, only behind Bitcoin (BTC), Ethereum (ETH) and Tether USD (USDT).
The derivative market also recorded an increased interest, with the financing rates and the open interest in XRP derivatives achieved the highest level of the year, which indicates growing trust among the dealers.
Overall, the unprecedented growth and the increased demand for XRP make future prospects for this cryptocurrency appear promising. Investors and market observers are excited to see how XRP will develop and what place it will take on the cryptocurrency market.