The XRP/USD pair on Coinbase has accounted for over 25% of the 24-hour trading volume, logging more than $1.7 billion. It is the third most active token in terms of trading, behind Bitcoin and Ethereum, with a total trading volume of $20 billion. XRP reached a new record high after seven years and over $18 million worth of XRP shorts were liquidated in the past 24 hours. Additionally, XRP's futures open interest reached $8 billion, representing an 8% increase. Rumors of the US establishing a reserve with coins like XRP have sparked speculation but should be viewed cautiously.



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