As interest from American investors increases, Ripple’s XRP has become the most traded altcoin on the Coinbase exchange. XRP has outperformed Bitcoin 
$104,585 in a Nasdaq-listed cryptocurrency exchange. Meanwhile, it is important to note that the Bitcoin exchange continues to maintain its leadership on Binance, which is currently closed to U.S. investors.
The Rising Demand for XRP in the U.S.
The trading volume on the Coinbase exchange indicates a resurgence in demand for XRP in the U.S. As is well-known, XRP is closely linked to the blockchain-based payment network Ripple 
$3. The Coinbase Premium indicator predicted this increase in demand about a week ago.
Interest in XRP has notably surged after Ripple CEO Brad Garlinghouse met with Donald Trump. Additionally, speculation surrounding the approval of an XRP spot exchange-traded fund (ETF) in the U.S. has further supported this rise in interest.
According to CoinGecko data, the XRP/USD trading pair accounted for 25% of Coinbase’s $6.86 billion trading volume over 24 hours. BTC/USD ranked second with a 20% share. On Binance, XRP became the second most traded cryptocurrency.
Record Increases in Price and Number of Investors
Since November 2024, XRP’s price has skyrocketed by over 600%, reaching $3.33. This level marks the highest price seen since 2017. The altcoin’s market capitalization alone surged by 33% this week.
Moreover, open positions in XRP’s futures market have hit record numbers. Data from TradingView and CoinMetrics shows that the number of wallet addresses holding at least $100,000 worth of XRP has risen to 108,540. The increase in large investors contributes to the market’s uplift.
Currently, the rise of XRP is supported by both market data and investor interest. This activity among U.S. investors holds promising prospects for Ripple’s future.
