🇺🇸 XRP Rally Faces a Reality Check as Spot Trading Activity Dries Up
- XRP spot trading activity has declined significantly, with total spot volume on centralized exchanges falling by $1.943 billion between August 26 and October 11.
- Binance’s spot volume dropped from $597 million to $168 million, while other exchanges saw even steeper declines, falling from $2 billion to $485.8 million.
- Despite the downturn in spot trading, U.S.-listed XRP ETFs recorded a record $1.8 billion in net inflows over 13 consecutive weeks, signaling strong investor interest in the asset.
Source: CryptoPotato
🌍 Updated by GemCrypto
$XRP
#XRP #Crypto
- XRP spot trading activity has declined significantly, with total spot volume on centralized exchanges falling by $1.943 billion between August 26 and October 11.
- Binance’s spot volume dropped from $597 million to $168 million, while other exchanges saw even steeper declines, falling from $2 billion to $485.8 million.
- Despite the downturn in spot trading, U.S.-listed XRP ETFs recorded a record $1.8 billion in net inflows over 13 consecutive weeks, signaling strong investor interest in the asset.
Source: CryptoPotato
🌍 Updated by GemCrypto
$XRP
#XRP #Crypto