Ripple (XRP) Eclipses Its Top 5 Competitors, In Terms Of XRP Volume And Gains

Since its emergence, Ripple’s different ways to market Ripple (XRP) has encouraged liquidity providers’ activity and, as result, it managed to increase XRP liquidity and extended the general well-being of XRP markets. To abolish any form of concern regarding the XRP volume, Ripple company put 55 billion XRP in an escrow account secured cryptographically.

By this, Ripple (XRP) enthusiasts and holders, as well as investors, can simply see and check the XRP’s maximum volume, which can be flooded into the cryptocurrencies market.

Ripple company is only holding about 7,17 billion Ripple (XRP) tokens, while the disseminated volume is of about 39,1 billion XRP.

Ripple (XRP) scored better during the last 7 days

These numbers reflect the Ripple’s strategy, instilled to produce high growth for XRP and today we can see that in the cryptocurrencies market, where Ripple (XRP) scored better than its competitors in the top 3, Ethereum (ETH) and Bitcoin (BTC).

During the last 7 days, Bitcoin (BTC) has only increased its volume by 13.29%, while Ethereum (ETH) increased it by 20.60%. Ripple (XRP), as an absolute leader in this regard, scored a 34.77% increase in XRP volume, during the last 7 days.

These figures are totally reflecting that Ripple struggles to gain bigger trading volumes each day. Ripple (XRP) succeeded this in the last 7 days and placed itself in the leading position by trading volumes.

On the downside, Ripple (XRP) lack of consistency when it comes to both trading volume and value against the USD, make XRP lose a few percents in the last day.

Ripple (XRP) price

At the moment of this writing, Ripple (XRP) is trading at $0.86, recording a gain of 15.47% in the last 24 hours. Yesterday, the XRP closed at $0.79.

Also, Ripple (XRP) is, at this moment, the 7th cryptocurrency in the world taken by the last 24 hours gains and the 1st among the coins from the top 10, also in terms of gains.

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About the Author: Anna Galvez

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