The demand for XRP exceeds that of other crypto about American stock exchanges, with trade volumes that have risen considerably since November, according to a recent Kaiko report.
The report emphasized the XRP growth in commercial activities with the help of the latest Coinbase winning report. For the first time in recent history, XRP has contributed more to the trade -based income from the stock market than Ethereum (ETH).
XRP accounted for 14% of the total trade revenue of Coinbase in the fourth quarter, which reflects a wider trend in American fairs.
The increase in the trade volume of XRP comes after the reerlist of the major American fairs last year after Ripple Labs had won a partial court victory against the US Securities and Exchange Commission (SEC).
The ruling, which clarified that XRP was not a security when he was sold at trade fairs, cleared the way for his return to regular trading platforms, so that renewed investor interests were fueled.
According to Kaiko’s liquidity ranking, XRP is third behind Bitcoin (BTC) and ETH.
The liquidity ranking calculates the market capitalization of a crypto compared to its liquidity in trading locations. Only BTC, ETH, XRP and Solana (SOL) have liquidity that closely matches their respective market hairstyles.
Speculation with ETF
The report partly attributed the peak in activity to speculation about the possible approval of a spot XRP Exchange-Traded Fund (ETF), where asset managers stand in line to introduce such products.
Last week, the sec formal recognized XRP ETF archives, which set a 240-day assessment window for a final decision.
According to Bloomberg analysts Eric Balchunas and James Seyffart, the chance of approval for a place XRP ETF in the US are 65%With room for an increase like the new SEC leadership, the lawsuits extinguish in which it has indicated security.
Market participants expect increased volatility as the deadline approaches, given the precedent that was determined by Ethereum in May 2024. At that time, ETH -Handelsvolumes and prices rose unexpectedly approved spot ETFs after the sec unexpectedly approved spot.
If XRP follows a similar process, trade -related income can continue to rise, which strengthens the growing presence in the cryptomarket.
With institutional interest that is obtained from strength and regulatory clarity on the horizon in the US, the Trade Dominance of XRP can continue to exist in the short term, which makes the next phase of digital assets investment strategies possible.