Neither SOL nor DOGE: Discover the most traded cryptocurrency after Bitcoin and Ethereum

XRP is positioned as the third most traded cryptocurrency globally, boosted by the key settlement with the SEC that has dispelled regulatory uncertainty, attracting institutional investors.

The cryptocurrency market has seen a significant shift with the rise of XRP, which has managed to overtake numerous altcoins to establish itself as the the third most traded cryptocurrency globally. 

According to market data, Ripple's cryptocurrency ranks second only to Bitcoin and Ethereum in terms of trading volume. This impressive achievement comes amid growing regulatory clarity, driven primarily by the agreement reached between Ripple, the company behind XRP, and the U.S. Securities and Exchange Commission (SEC).

As reported by Ripple, after years of litigation, both parties reached an agreement, removing a major barrier limiting the adoption and trading of XRP. The resolution of the legal dispute has improved investor confidence and opened the door to new possibilities for expansion and development within the Ripple ecosystem. This has allowed XRP to reach a market capitalization close to $144.000 billion, reflecting renewed interest and confidence in its long-term potential.

The combination of increased regulatory clarity, rising market capitalization and a strengthening of the XRP ecosystem, along with expectations of the potential approval of a cryptocurrency-linked ETF, paints an increasingly promising picture for this digital asset. 

XRP outperforms altcoins and climbs global rankings

In just one month, the price of XRP has increased by more than 20%, and in the last year, by more than 380%. This impressive rally has restored XRP to its prominent position in the market, surpassing several altcoins to consolidate its position as the third most traded cryptocurrency globally, behind only Bitcoin and Ethereum. According to data Consulted on the CoinMarketCap platform, XRP trades a volume of $4.300 billion dollars daily, although this value has fallen by 22% compared to the previous day, when it exceeded $4.900 billion dollars.

This renewed interest in XRP is largely due to the regulatory clarity provided by the SEC settlement. Investors, who were previously cautious due to legal uncertainty, now view XRP as a digital asset with a promising future. Confidence in Ripple's ability to comply with regulations and continue to innovate in the global payments space has driven demand for XRP and contributed to its appreciation.

XRP surpasses $2,50

The recent bullish momentum has led XRP to surpass the $2,50 barrier, reaching levels not seen in years. This month, the cryptocurrency is trading around $2,54, with trading volume that, although down from the previous day, is three times the monthly average, indicating strong interest from both retail and institutional investors. Furthermore, as mentioned, the market capitalization stands at approximately $143.000 billion, remaining 34% below its all-time highs recorded in 2018.

The agreement reached between Ripple and the SEC has marked a turning point for the cryptocurrency, dispelling much of the uncertainty surrounding the digital asset.

With regulatory concerns resolved, both institutional and retail investors showed renewed interest in XRP, driving trading volume and its price. According to experts, this change has not only positively impacted Ripple and XRP, but has also had repercussions for the entire cryptocurrency market, demonstrating that regulatory agreements that foster innovation and growth are possible.

Expectations are growing for the approval of an XRP ETF.

The current regulatory environment in the United States has opened the door to the potential approval of XRP-based ETFs. An ETF (Exchange Traded Fund) is a financial product that would allow investors to gain exposure to XRP without having to directly purchase and store the cryptocurrency. The approval of these financial instruments would facilitate access for institutional and retail investors through regulated channels, which could further increase the demand and price of XRP.

The SEC is currently reviewing a large number of cryptocurrency ETF applications, highlighting the growing investor demand for these products. Approval of an XRP ETF would further legitimize the cryptocurrency and position it as an attractive asset for a wide range of investors, including those who prefer to invest through traditional financial products.

The combination of increased regulatory clarity, increased institutional adoption, and the potential approval of an XRP ETF creates a favorable environment for the cryptocurrency's growth and appreciation. If the SEC approves an XRP ETF, we're likely to see a significant increase in its price and trading volume, further cementing its position as one of the world's leading cryptocurrencies.

Investing in cryptoassets is not fully regulated, may not be suitable for retail investors due to high volatility and there is a risk of losing all invested amounts.