XRP trading volume skyrockets amid favorable court decision
News of a favorable XRP ruling in its legal battle against the US SEC has sent the token’s trading volumes jumping by more than 1,300%. The ruling sparked a surge in XRP’s price, with the digital asset reaching a high of $0.93, the highest value seen since May 2021. Data compiled by CCData, a prominent crypto research company, revealed a significant influx of trading activity following Judge Analisa Torres’ ruling. XRP trading activity | Source: CCData CCData’s research showed XRP trading pairs on centralized exchanges experienced a total volume of $6.05 billion on the day of the ruling, representing an increase of 1351% compared to the previous day. The soaring trading volume s can be attributed to the enthusiastic price rally and the major crypto exchanges that embraced XRP trading after the partially favorable court decision . You might also like: Crypto exchanges relist XRP amid Ripple’s partial victory in US Additional data from CoinGecko corroborating CCData’...