XRP, which has been on the agenda lately and has always been on everyone’s lips with its rise, has finally achieved this: according to data, XRP has surpassed Bitcoin and Ethereum in transaction volume on Coinbase.
Accordingly, XRP led trading volumes on Coinbase, while BTC and ETH ranked second and third.
While XRP has overtaken BTC and ETH on Coinbase, Bitcoin remains the most in-demand altcoin on Binance. This difference also shows that US investors are showing increasing interest in XRP.
The XRP/USD pair represents 25% of Coinbase’s 24-hour trading volume of $6.86 billion.
Analysts noted that this increase in XRP volume indicates increased interest, especially among investors, following the election of Donald Trump as President of the United States in November 2024.
Analysts also noted that interest in XRP spiked again after Ripple CEO Brad Garlinghouse met with Trump about two weeks ago.
Aside from the Trump-Garlinghouse meeting, rising expectations for the approval of an XRP ETF in the US were also reported to have supported the increase in trading volume.
*This is not investment advice.