XRP's trading volume surges by 91% in 24 hours amid Ripple's legal battles and Robinhood's SEC scrutiny
XRP's trading volume surges by 91% in 24 hours amid Ripple's legal battles and Robinhood's SEC scrutinyDisclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies.
Despite these fluctuations, XRP's market capitalization remains stable at $29.43 billion, translating to a trading volume-to-market cap ratio of 6.15%. While indicative of heightened trading activity, this ratio suggests that XRP's performance, while significant, is not unprecedented.As investors brace for further developments in both the regulatory and market fronts, all eyes remain fixated on XRP, poised at the epicenter of this whirlwind of fear, greed and volatility.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.
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