XRP records explosive growth as Ripple CEO highlights institutional interest.
XRP Trading Volume Hits New Heights
Ripple CEO Brad Garlinghouse has retweeted a statement by Austin Reid of FalconX, celebrating XRP’s 10x trading volume growth between the first and second halves of Q4. Reid attributes this surge to institutional momentum rather than retail speculation.
XRP trading is on fire. We’ve seen 10x growth in volume at FalconX between the first and second halves of Q4. This isn’t just retail action—institutions are driving the momentum.
A Stunning Market Rally
Over the past week, XRP’s price has skyrocketed by approximately 117%, peaking at $2.80 before stabilizing at $2.63 today. Its market capitalization has soared, adding $100 billion in value and propelling XRP to the third spot globally.
Ripple’s Advocacy for Banks
In parallel, Ripple shared insights into addressing key banking challenges in cross-border payments, such as high costs, slow settlements, and compliance complexities. Ripple’s Payments solution offers transparency, liquidity support, and operational efficiency.
Institutional Influence on XRP’s Growth
The sharp rise in XRP trading activity suggests a shift in market dynamics, with institutions driving sustained momentum. This development underscores XRP’s evolving role in both speculative and functional use cases.
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