XRP, one of the most prominent and largest communities in the cryptocurrency sector, continues to witness the effects of this on social media. Despite Ripple‘s positive preliminary decision in the Ripple and SEC case, XRP is still benefiting from it. Although the XRP price has risen and then declined, its visibility and volume impact on social media is still ongoing and increasing. Kaiko, one of the leading analysis platforms, has also published important information on the subject.
XRP Becomes the Highest Volume Cryptocurrency
According to the information published by Kaiko, XRP has managed to surpass BTC as the highest volume cryptocurrency. It is observed that the commercial volume generated by XRP after the court decision last week accounted for 21% of the total commercial volume of the entire cryptocurrency sector.
According to the information provided by Kaiko, XRP has become the highest volume asset in recent times. This increase in XRP’s commercial volume is undoubtedly linked to the news from the lawsuit. In addition, it can be seen that XRP’s commercial volume exceeded $10 billion on July 13. This was the day when the positive decision from the lawsuit was announced. Prior to this, XRP could reach much lower daily trading volume levels, such as $2.5 billion.
All Metrics Are Increasing for XRP
The effects of XRP are not limited to this. According to the information provided by Santiment, XRP’s social media influence has experienced an incredible increase of 87% since July 13. It is considered normal for such a volume increase to occur when everyone is talking about XRP. This actually led to a general FOMO effect, and XRP managed to reach $0.91 in a short period of time. However, this increase in the XRP network opened the door for a small correction in the XRP price, and now XRP, which reached $0.91, is trading slightly below that level. With the court’s final decision, XRP is expected to make a bigger leap from its new support point.
