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According to data provided by CoinGecko, the XRP/USD pair has accounted for more than 25% of the 24-hour volume on the Coinbase exchange.AdvertisementIt logged more than $1.7 billion worth of trading volume on America’s leading cryptocurrency trading platform.For comparison, the BTC/USD pair comes in second place with $1.3 billion (19.6%).Overall, the Ripple-affiliated token is in third place by trading activity (behind only Bitcoin and Ethereum). It has recorded a whopping $20 billion in trading volume.AdvertisementRelatedAs reported by U.Today, the XRP token reached a new record high on Thursday after seven years.More than $18 million worth of XRP shorts has been liquidated over the past 24 hours, according to CoinGlass data.XRP’s total futures open interest has also reached $8 billion after recording an 8% increase yesterday. This came amid rumors of the U.S. mulling over establishing a reserve with American coins of the likes of XRP. This was first reported by the New York Post, sparking plenty of speculation within the community. However, such rumors should be taken with a grain of salt.Disclaimer: The opinions expressed by our writers are their
own and do not represent the views of U.Today. The financial and market information
provided on U.Today is intended for informational purposes only. U.Today is not
liable for any financial losses incurred while trading cryptocurrencies. Conduct
your own research by contacting financial experts before making any investment
decisions. We believe that all content is accurate as of the date of publication,
but certain offers mentioned may no longer be available.#XRP NewsRelated articles
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