{"id":542979,"date":"2023-07-17T17:30:43","date_gmt":"2023-07-17T17:30:43","guid":{"rendered":"https:\/\/uniquehot.com\/?p=542979"},"modified":"2024-06-11T07:59:17","modified_gmt":"2024-06-11T07:59:17","slug":"xrp-crosses-1-million-trades","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple\/xrp-crosses-1-million-trades\/","title":{"rendered":"XRP Crosses 1 Million Trades Per Minute Following Court Ruling"},"content":{"rendered":"

In the wake of a favorable court ruling in the Ripple vs. SEC case, XRP has witnessed an extraordinary surge in demand and trading activity. With over 1 million trades per minute globally, XRP has become the center of attention for investors worldwide.\u00a0<\/span><\/p>\n

This unprecedented growth comes after a period of legal uncertainty and trading restrictions, positioning XRP for potential success in the cryptocurrency market.<\/span><\/p>\n

XRP’s Milestone: Over 1 Million Trades Per Minute Sparks Growth<\/h2>\n

Visionary entrepreneur and self-proclaimed “Crypto Crusader,” known as Nick on Twitter,\u00a0 swiftly recognized the unparalleled growth potential inherent in XRP.<\/span><\/p>\n

Related Reading: Why Ripple\u2019s Victory Against The SEC May Be Short-Lived: Legal Expert<\/a><\/div>\n

Taking to social media, Nick expressed his awe at the surging demand for XRP, emphasizing its relentless upward trajectory in a <\/span>tweet<\/span><\/a>. With unwavering confidence, Nick firmly believes that this remarkable milestone is merely the inception of XRP’s extraordinary journey.<\/span><\/p>\n

Also, XRP experienced a significant surge in trading volume, reaching $10.4 billion on July 13. However, while this figure appears impressive, it is worth noting that it only ranks as the 76th largest volume in XRP’s history.\u00a0<\/span><\/p>\n

This observation highlights the immense potential that XRP possesses, suggesting that the recent surge in volume may be just the beginning.<\/span><\/p>\n

A <\/span>tweet<\/span><\/a> from Leonidas, the host of the popular crypto YouTube channel XRPArcade, underscores this point, stating, “On July 13th, XRP’s volume spiked to $10.4 billion. Even though this seems like a big number, historically, this was XRP’s 76th largest daily trading volume recorded on CoinMarketCap (CMC). The highest was almost $37 billion on April 6th, 2021.”\u00a0<\/span><\/p>\n

This historical context emphasizes that XRP has achieved even higher trading volumes in the past, indicating the potential for further growth.\u00a0<\/span><\/p>\n

\"Ripple<\/p>\n

XRP price sitting at $0.73 | Source: XRPUSD on TradingView.com<\/a><\/pre>\n
Daily Volume Surges 18-Fold Following Court Ruling And Exchange Relisting<\/h2>\n
The court ruling that declared XRP as not a Security favored the altcoin as XRP witnessed a dramatic surge in trading volume, increasing from $613 million to $11.2 billion within a single day.\u00a0<\/span><\/p>\n
The ruling by the Southern District Court of New York has reignited investor interest in XRP, leading major exchange platforms such as Coinbase, Kraken, and Crypto.com to <\/span>relist the asset<\/span><\/a>.\u00a0<\/span><\/p>\n
The market responded with XRP’s value soaring by 85% from $0.47 to $0.87, with the token currently trading at $0.78 despite the market drawdown.<\/span><\/p>\n
Related Reading: Ark Invest Sells Over $50 Million Worth of Coinbase Shares Amidst Stock Rally<\/a><\/div>\n
Moreover, XRP’s market capitalization also experienced a substantial boost, reaching $40.8 billion within the past 24 hours. This surge propelled XRP to become the fourth largest cryptocurrency in terms of market capitalization, trailing only Bitcoin (BTC), Ether (ETH), and Tether USD (USDT).\u00a0<\/span><\/p>\n
The derivatives market also witnessed increased interest, with funding rates and open interest for XRP derivatives reaching the highest levels of the year, indicating growing confidence among traders.<\/span><\/p>\n
Featured image from Outlook India, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
In the wake of a favorable court ruling in the Ripple vs. SEC case, XRP has witnessed an extraordinary surge in demand and trading activity. With over 1 million trades per minute globally, XRP has become the center of attention for investors worldwide.\u00a0 This unprecedented growth comes after a period of legal uncertainty and trading restrictions, positioning XRP for potential success in the cryptocurrency market. XRP’s Milestone: Over 1 Million Trades Per Minute Sparks Growth Visionary entrepreneur and self-proclaimed “Crypto Crusader,” known as Nick on Twitter,\u00a0 swiftly recognized the unparalleled growth potential inherent in XRP. Related Reading: Why Ripple\u2019s Victory Against The SEC May Be Short-Lived: Legal Expert Taking to social media, Nick expressed his awe at the surging demand for XRP, emphasizing its relentless upward trajectory in a tweet. With unwavering confidence, Nick firmly believes that this remarkable milestone is merely the inception of XRP’s extraordinary journey. Also, XRP experienced a significant surge in trading volume, reaching $10.4 billion on July 13. However, while this figure appears impressive, it is worth noting that it only ranks as the 76th largest volume in XRP’s history.\u00a0 This observation highlights the immense potential that XRP possesses, suggesting that the recent surge in volume may be just the beginning. A tweet from Leonidas, the host of the popular crypto YouTube channel XRPArcade, underscores this point, stating, “On July 13th, XRP’s volume spiked to $10.4 billion. Even though this seems like a big number, historically, this was XRP’s 76th largest daily trading volume recorded on CoinMarketCap (CMC). The highest was almost $37 billion on April 6th, 2021.”\u00a0 This historical context emphasizes that XRP has achieved even higher trading volumes in the past, indicating the potential for further growth.\u00a0 XRP price sitting at $0.73 | Source: XRPUSD on TradingView.com Daily Volume Surges 18-Fold Following Court Ruling And Exchange Relisting The court ruling that declared XRP as not a Security favored the altcoin as XRP witnessed a dramatic surge in trading volume, increasing from $613 million to $11.2 billion within a single day.\u00a0 The ruling by the Southern District Court of New York has reignited investor interest in XRP, leading major exchange platforms such as Coinbase, Kraken, and Crypto.com to relist the asset.\u00a0 The market responded with XRP’s value soaring by 85% from $0.47 to $0.87, with the token currently trading at $0.78 despite the market drawdown. Related Reading: Ark Invest Sells Over $50 Million Worth of Coinbase Shares Amidst Stock Rally Moreover, XRP’s market capitalization also experienced a substantial boost, reaching $40.8 billion within the past 24 hours. This surge propelled XRP to become the fourth largest cryptocurrency in terms of market capitalization, trailing only Bitcoin (BTC), Ether (ETH), and Tether USD (USDT).\u00a0 The derivatives market also witnessed increased interest, with funding rates and open interest for XRP derivatives reaching the highest levels of the year, indicating growing confidence among traders. Featured image from Outlook India, chart from TradingView.com<\/p>\n","protected":false},"author":594,"featured_media":542982,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[3680,4531,13172,88641,10972,78763],"class_list":["post-542979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple","tag-xrp","tag-xrp-price","tag-xrp-volume","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nXRP Crosses 1 Million Trades Per Minute Following Court Ruling<\/title>\n<meta name=\"description\" content=\"In the wake of a favorable court ruling in the Ripple vs. SEC case, XRP has witnessed an extraordinary surge in demand and trading activity. 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Crosses 1 Million Trades Per Minute Following Court Ruling","url":"http:\/\/uniquehot.com\/news\/ripple\/xrp-crosses-1-million-trades\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ripple\/xrp-crosses-1-million-trades\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/XRP.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/XRP.jpeg?fit=1200%2C675"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ripple","xrp","xrp price","xrp volume","xrpusd","xrpusdt"],"dateCreated":"2023-07-17T17:30:43Z","datePublished":"2023-07-17T17:30:43Z","dateModified":"2024-06-11T07:59:17Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Crosses 1 Million Trades Per Minute Following Court Ruling\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ripple\\\/xrp-crosses-1-million-trades\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ripple\\\/xrp-crosses-1-million-trades\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/XRP.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/XRP.jpeg?fit=1200%2C675\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ripple\",\"xrp\",\"xrp price\",\"xrp volume\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2023-07-17T17:30:43Z\",\"datePublished\":\"2023-07-17T17:30:43Z\",\"dateModified\":\"2024-06-11T07:59:17Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/XRP.jpeg?fit=1200%2C675","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/542979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=542979"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/542979\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/542982"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=542979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=542979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=542979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}