XRP surpasses BTC and ETH in this crucial statistics, but prices are a hit

XRP surpasses BTC and ETH in this crucial statistics, but prices are a hit

1 minute, 51 seconds Read

Tl; Dr.

  • Native token of Ripple continues to attract investors in Asia, because the trade volume on the largest crypto exchanges in South Korea has risen well above the two digital assets above in terms of market capitalization.
  • However, the price actions of XRP have been quite underwhelming in recent hours, because it slid from almost $ 3.3 to $ 3.15.
Upbit Trading Volume 28.07. Source: Coinmarketcap

As the graph above shows, the trade volume of XRP has shot up to nearly $ 600 million on a daily scale on a daily scale. The figure is about twice as high as the second digital active in this metric, which is a surprising appearance of Kyber Network.

Interestingly, Bitcoin is nowhere near the top three, in contrast to Ethereum, who takes third place. Hyperlane and optimism are fourth and fifth. The trade volume of BTC against WFD is almost four times lower than XRPs.

Of course the XRP army was fast to celebrate and praise the development.

Interesting is that something similar is observed on another Korean giant – Bithumb. XRP takes the first place with $ 240 million, followed by USDT and ETH. This time BTC is in the ninth position, under meme coins such as Pengu, Doge and Bonk.

Bithumb 24-hour Trade Volume 28 July. Source: Coinmarketcap
Bithumb 24-hour Trade Volume 28 July. Source: Coinmarketcap

However, these rising trade volumes can usually be related to the turnover, because the price of XRP has fallen by more than 2% on a scale of 24 hours. Earlier today, it was rejected at $ 3.3 and is now struggling to stay above $ 3.15.

ETH and BTC have also fallen daily and fall by 2.4% and 1.4% respectively. Perhaps one of the reasons for the current small correction is Donald Trump’s last threats against Russia and Iran, more about which you can find here.

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