18.07.2025 11:50
XRP has experienced a remarkable resurgence, dominating Coinbase's 24-hour trading volume with a staggering $1.38 billion surge. This dramatic increase signifies a significant return to market activity for the token, characterized by heightened volatility and substantial trader interest. The price of XRP sharply climbed, exceeding $3.60, firmly re-establishing its position amongst leading cryptocurrencies.
Currently boasting a market capitalization exceeding $210 billion, XRP has secured the third-largest global ranking, trailing only Bitcoin and Ethereum. This rally isn't confined to the United States; South Korea's Upbit exchange, the nation's largest cryptocurrency platform, witnessed an astonishing $2.2 billion in XRP/KRW trading volume within a 24-hour period – representing a remarkable 33% of the exchange's total daily volume. This widespread activity points to a clear revitalization of the XRP ecosystem, fueled by increased hype, enhanced liquidity, and significant transactions by major market players.
One such noteworthy transaction involved Ripple co-founder Chris Larsen, who transferred approximately $26 million worth of XRP to Coinbase. This movement, however, is merely the most recent in a series of substantial transactions; since January, Larsen has transferred around 106 million XRP. The timing of these transfers, coinciding with the surge in XRP's price and global trading volume, is intriguing and prompts speculation regarding potential market influences. While it remains unclear whether this represents a strategic selloff or an internal portfolio adjustment, the correlation with XRP's recent performance is undeniably significant.
The substantial increase in XRP trading volume may indicate a broader shift in market sentiment. While past surges have often been linked to speculation about regulatory developments concerning Ripple Labs, or technical price breakouts, the current situation displays a confluence of factors across both US and international markets, suggesting a potentially more significant underlying cause for the renewed interest in XRP. The sheer scale of the recent activity demands further analysis to determine the long-term implications for XRP and the broader cryptocurrency market.
