Ripple's xRapid Sees Bitso and Post Record 14-Day Highs in XRP Coin Trading Volumes

The last two weeks haven’t been particularly great for Ripple’s major payment solution, xRapid. When Bitso and were busy registering impressive volumes, adherents of Ripple’s digital asset-oriented payment getaway were witnessing a dip in its volumes. The two autonomous corridors were recording a 14-day high.

This was revealed by a Twitter user who goes by the name @BehindTheLedger who said the levels registered by xRapid had taken a dip compared to what they had achieved earlier in April. The 114-character tweet further added that xRapid’s volumes were a sharp contrast to those of Bitso and

To further emphasize the contrasting results, @BehindTheLedger shared a chart within the Tweet, explaining their mixed fortunes. The Thread was later followed by another tweet which stated that the data had been obtained from, a site that had first captured the mixed fortunes.

From the chart, however, xRapid volumes had peaked on April 11th and subsequently surpassed it.’s xRapid volume reached $77,000 unlike Bitso’s $28,000.

A Twitter user by the name @hmatejx followed with another tweet that seemingly explained the genesis of the slump. According to the tweet, the two had transferred $2.5 million across borders from March 2019, and there was a need to factor in the “weekend gap” as well as the active business hours. To @hmatejx, Bitso and were doing well because they had used Ripple’s xRapid payment.

It’s clear though the arrival of Ripple’s; xRapid was long overdue. It uses XRP and, by extent, this has caused XRP holders to expect a price increase, especially once this payment getaway registers sufficient volume moved to and from the borders.

The two Tweets, plus @Bearableguy123’s sentiments, clearly explain why many expect the price to hit $589 before the year ends. However, not everyone is in agreement.

@GG81942496 sharply disagrees and even doesn’t trust the predictions. He says that the price of XRP would not rise and instead, excuses ranging from regulations, effects of the Chinese New Year and the Taxes and many others would stop the price surge.

@Crypt0_prophet, however, believes that the price is based on speculations and the $2.5 million traded in two months was just the tip of the iceberg.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Lillian Peter
Lillian Peter
Lillian P has a knack for anything that teases the mind, with a keen interest in the blockchain technology, cryptocurrencies, and anything in between. Can bring to life the most difficult and boring concepts in the blockchain space. Lillian is a brilliant writer working with various publications.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Ethereum ‘Getting Ready for Spadina' Testnet Next Week

The Spadina testnet of ETH 2.0 has been scheduled for genesis before the month ends, on September 29 at 12 pm UTC, as per...

KuCoin Hack: Exchange’s Insurance Fund to Cover User Loss “Completely,” Tether Freezes 33M USDT

The Singapore-based cryptocurrency exchange KuCoin released a statement regarding detecting large withdrawals on September 26, 2020, at 03:05:37 (UTC+8). The exchange has reportedly lost $150...

Crypto Custodian, Anchorage, Adds Support for DeFi Tokens: BAL, NXM, AAVE, UNI, and YFI

Anchorage, the Delaware corporation headquartered in San Francisco, California, and digital asset custodian for institutional investors is diversifying its DeFi token options for its...

Coinbase Wallet Targeted by New Trojan Malware Dubbed ‘Alien’

The Coinbase wallet is among 226 Android applications targeted by a recently discovered Trojan dubbed ‘Alien.’ This malware mostly targets the financial services space...

Barstool Sports Dave Portnoy Sold $1.25M Worth of his Bitcoin Stash But He Will Be Back

After buying the top and selling the bottom, Barstool Sports Dave Portnoy appeared on Anthony Pompliano’s podcast on “The Pomp Podcast” to discuss bitcoin...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today