{"id":2293,"date":"2023-07-15T06:08:00","date_gmt":"2023-07-15T00:38:00","guid":{"rendered":"https:\/\/news.cetoex.com\/?p=2293"},"modified":"2023-07-15T06:08:02","modified_gmt":"2023-07-15T00:38:02","slug":"xrp-daily-trading-volume-reaches-11-2-billion-after-court-ruling","status":"publish","type":"post","link":"https:\/\/news.cetoex.com\/xrp-daily-trading-volume-reaches-11-2-billion-after-court-ruling\/","title":{"rendered":"XRP Daily Trading Volume Reaches $11.2 Billion After Court Ruling"},"content":{"rendered":"\n
\"XRP\"\/<\/figure>\n\n\n\n

Cetoex News – <\/strong> Following one of the most important legal actions the industry has seen, Ripple\u2019s XRP has observed its daily trading volume reach $11.2 billion following the US court ruling yesterday. In a landmark decision, the judge ruled that XRP was not a security. Data from\u00a0CoinGecko\u00a0shows its trading volume to be 18 times greater than at the start of that day.\u00a0<\/p>\n\n\n\n

The value of the asset skyrocketed following the news, which could be game-changing for the sector. Indeed, XRP\u2019s value had increased by a remarkable 85% following the announcement of the ruling. Notably jumping from $0.47 to $087 in a rapid time frame. <\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n
\"XRP\"
Source \u2013 FX Empire<\/figcaption><\/figure>\n\n\n\n

XRP Daily Trading Volume is 18 Times Greater After Court Ruling<\/h2>\n\n\n\n

It was a day that many in the industry had waited for for more than two years. Indeed, the judge had officially ruled that XRP was not a security, following a long litigation process between Ripple, and the\u00a0US Securities and Exchange Commission (SEC). Subsequently, the decision had an immediate effect on the asset\u2019s price.\u00a0<\/p>\n\n\n\n

Indeed, data shows that the XRP observed its 24-hour trading volume jump from $613 million to $11.2 billion in a single day. Moreover, the original lawsuit between the SEC and Ripple had led a host of exchanges to halt trading of the asset. Now, many exchanges have opted to once again support XRP trading. <\/p>\n\n\n\n

\"XRP\"
Source \u2013 CryptoSlate<\/figcaption><\/figure>\n\n\n\n

Some of the biggest crypto exchange platforms in the world have relisted the asset. Those include Coinbase, Crypto.Com, and many more. These developments led to a turnaround in its trading volume and ultimately resulted in a massive increase in value.<\/p>\n\n\n\n

The market quickly reacted to the developing news, as XRP saw its value jump by 85% after the ruling. Moreover, in a quick three-hour window, the asset rallied from $0.47 to $0.87 before slightly returning. Subsequently, the developments saw a massive increase in the assets market capitalization. <\/p>\n\n\n\n

Specifically, XRP saw its market cap reach $40.8 billion over the last day. Therefore, Ripple\u2019s token is now the fourth largest cryptocurrency on the market following the ruling. Only trailing Bitcoin (BTC), Ether (ETH), and Tether USD (USDT).<\/p>\n\n\n\n

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Cetoex News – Following one of the most important legal actions the industry has seen, Ripple\u2019s XRP has observed its daily trading volume reach $11.2 billion following the US court… <\/p>\n","protected":false},"author":1,"featured_media":2294,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[24],"tags":[41,44,106,26,167,983],"class_list":["post-2293","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alt-coin","tag-cetoex","tag-cetoex-news","tag-crypto","tag-cryptocurrency","tag-xrp","tag-xrp-daily-trading-volume"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/news.cetoex.com\/wp-content\/uploads\/2023\/07\/xrp-logo-800x510.jpeg.webp","_links":{"self":[{"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/posts\/2293"}],"collection":[{"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/comments?post=2293"}],"version-history":[{"count":1,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/posts\/2293\/revisions"}],"predecessor-version":[{"id":2295,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/posts\/2293\/revisions\/2295"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/media\/2294"}],"wp:attachment":[{"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/media?parent=2293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/categories?post=2293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/tags?post=2293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}