XRP Beats Bitcoin As The Highest Traded Asset: On-Chain Data

17 Jul, 2023 Updated 16 May, 2025

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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

XRP Price Set For 61,390% Rally After Long-Awaited Breakout?

XRP News: A partial win for XRP in the long running lawsuit between Ripple and U.S. Securities and Exchange Commission (SEC) has led it to become the only crypto to gain some legal clarity. However, the recent massive price jump has led the XRP token to beat the biggest crypto, Bitcoin (BTC) on several matrices.

Also Read: XRP Price Poised To Massive Surge Despite Gaining 63%; Here’s Why

XRP Outperforms Bitcoin

According to the data provided by Kaiko, XRP has managed to surpass Bitcoin as the highest trading volume asset. It mentions that since the summary judgment being presented in the Ripple case, 21% of all the crypto trading volume has been for XRP.

Bitcoin accounted for 20% of all the crypto trade volume took place since then. While, Ethereum (ETH), the second largest crypto registered just 8% of the total volume.

The much anticipated win for XRP against the US SEC has led to a massive increase in its demand among the crypto community. XRP’s trading volume has jumped by around 10 times over the past week. However, it is important to note that the recent increase in volume is only at 10 month highs. Read more XRP News Here…

Best Is Yet To Come For XRP?

Data provided by Leonidas depicted that XRP’s trading volume spiked to $10.4 billion on July 13th (the day when the ruling in the Ripple case came out). However, this daily trading volume recorded has been only the 76th largest of the token. The highest trading volume recorded for XRP $37 billion was registered on April 6th, 2021.

XRP price is up by 118% based on the year to date (YTD) basis, while Bitcoin managed to register a gain of 81%. XRP is trading at an average price of $0.739, at the press time. Its 24 hour trading volume is down by 3% to stand at $3.1 billion.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.