XRP Records Tremendous Surge in Daily Trading Volume to Move Past Bitcoin Cash into Sixth Spot
Ripple has quite a successful year in terms of widespread adoption, where the number of partner banks grew over 200. However, Ripple's rise in the market did not really help its native token XRP's market position. XRP was trapped in the $0.30 price bracket for quite some time, even when most of the other altcoins were roaring due to an early bull run.
However, in the latter half of the month of May, XRP broke past its $0.31 barrier and started trading above $0.40 mark for the most part since then. In the last 24-hours, the altcoin has made a correction in its trading volume to go past BCH and take the 6th position. XRP's trading volume almost doubled in the past 24-hours and currently valued at $2.62 billion. On the contrary, BCH's 2-hour trading volume stands at $2.23 billion. Surprisingly the first spot is taken by controversial stable coin Tether, whose 24-hour trading volume is $24.57 billion followed by Bitcoin at $23.45 billion.
XRP was trading at $0.4026, marinating the resistance at $0.40, hopefully as the market goes into the bull run, XRP would see a surge in its prices. The major partnership is surely going to give XRP a push in the market.