CandleFocus XRP Rockets 50% in Volume as SEC v. Ripple Appeal Drama Develops
2024-10-17
Author: Content Editor
The trading volume of XRP futures has increased by more than 50% today, while other cryptocurrencies have seen a decline in trading volume. This could be due to speculation surrounding the SEC's case against Ripple. The SEC was expected to file an appeal against the crypto company, but this did not happen, leaving uncertainty about the future of the case. This uncertainty has brought increased attention and trading activity to XRP. The trading volume of XRP perpetual futures is now over $1.4 billion, and the ratio of volume to market capitalization is higher than usual, indicating a significant increase in trading activity. As long as volatility persists, XRP is likely to remain in the spotlight.
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