• XRP trades exceeded BTC in the last week following a ruling that Ripple did not violate federal securities law by selling its token on public exchanges.
• Kaiko found that 21% of all trades completed in the market since then have been for XRP, displacing Binance Coin [BNB] from the leading four cryptocurrencies in terms of market capitalization.
• XRP traders renewing their belief in the alt as they record profits on their investments.
Ripple’s Breakthrough Ruling
Last week, Ripple was cleared of any wrongdoing by U.S District Judge Analisa Torres following allegations that the company had violated federal securities law by selling its XRP token on public exchanges. This groundbreaking ruling saw XRP surge more than 70% within 24 hours and displace Binance Coin [BNB] from the top 4 cryptocurrencies with regards to market capitalization.
XRP Trades Exceeded BTC
According to research firm Kaiko, 21% of all trades completed since then have been for XRP while Bitcoin [BTC] has only seen 20%. This suggests a renewed faith in the altcoin amongst traders who are looking to log profits from their investments. The firm also noted that even after being de-listed from most US based platforms, offshore markets such as Korean exchanges have maintained strong volumes for Ripple’s XRP token.
10 Month Highs
Despite seeing significant gains over the past week, global trading activity remains subdued as trading volume is only at 10 month highs according to Kaiko’s report . This suggests investors are still cautious when it comes to investing despite bullish catalysts entering the market.
XRP Profit Calculator
With XRP currently standing at 15-month highs, many investors are logging profits from their investments made into this cryptocurrency. To help these individuals track and calculate their profits, a handy tool known as an „XRP Profit Calculator“ can be utilized to help understand how much money has been made through investing in this altcoin.
Conclusion
Ripple’s groundbreaking ruling last week has led to an increase in trade volume for its native coin, causing it to exceed Bitcoin (BTC). Global activity may still be subdued however many traders are recording profits due to XRP now standing at 15-month highs. To help track these individual investments into this crypto asset, an „XRP Profit Calculator“ has been created and can be utilized accordingly.
