XRP Daily Trading Volume Skyrockets to $11.2 Billion After Landmark Court Ruling
The cryptocurrency XRP experienced a massive surge in trading volume following a recent US court ruling, highlighting the significant impact of legal developments on the crypto market. According to Cetoex News, Ripple's XRP witnessed its daily trading volume reach an astonishing $11.2 billion after the court ruling.
XRP Volume Increases 18-Fold
The 24-hour trading volume of XRP increased 18-fold, jumping from $613 million to $11.2 billion. This dramatic increase followed a federal court ruling stating that some “programmatic” transactions were not deemed securities. The court ruling that declared XRP as not a Security favored the altcoin as XRP witnessed a surge in activity and price.
Investor Interest Fueled by Favorable Ruling
This court ruling has reignited investor interest in XRP and prompted Daily Volume Surges Following Court Ruling And Exchange Relisting. The cryptocurrency XRP witnessed a remarkable surge in trading volume. The favorable decision led to increased trading activity on various exchanges.
XRP Trading Volume Nears $30 Billion in the US
As of Wednesday, the trading volume of XRP in the U.S. is nearing $30 billion for the first nine months of the year, according to data from Kaiko. This figure signifies a strong and growing interest in XRP among US investors. This recent surge in trading volume is a testament to the impact of legal clarity on the perception and market performance of XRP.