Cardano

Solana

Better

Dogecoin

<div class="watcher-guru"> 
 <p>XRP was the top-traded altcoin in August. On a daily basis, its volume averaged around $463 million. Other large and mid-cap assets, however, managed to settle only a quarter of XRP’s volume. <a rel="noopener noreferrer nofollow" title="Solana" href="https://thebittimes.com/tag/solana.html">Solana</a>, BNB, Doge, and Litecoin’s average hovered around $108 million to $128 million. In fact, the volume was even lower for assets like MATIC, Cardano, Polkadot, etc.</p> 
 <figure class="wp-block-image size-large is-resized"> 
  <img decoding="async" src="https://cdn.thebittimes.com/images/2023/09/06/7e08a2049931bbc59ba0f452419338ed.webp" alt="" class="wp-image-110658" style="width: 100%;height:375px" width="701" height="375" srcset="https://cdn.thebittimes.com/images/2023/09/06/7e08a2049931bbc59ba0f452419338ed.webp 1024w, https://cdn.thebittimes.com/images/2023/09/06/7e08a2049931bbc59ba0f452419338ed.webp 300w, https://cdn.thebittimes.com/images/2023/09/06/7e08a2049931bbc59ba0f452419338ed.webp 768w, https://cdn.thebittimes.com/images/2023/09/06/7e08a2049931bbc59ba0f452419338ed.webp 380w, https://cdn.thebittimes.com/images/2023/09/06/7e08a2049931bbc59ba0f452419338ed.webp 550w, https://cdn.thebittimes.com/images/2023/09/06/7e08a2049931bbc59ba0f452419338ed.webp 800w, https://cdn.thebittimes.com/images/2023/09/06/7e08a2049931bbc59ba0f452419338ed.webp 1160w, https://cdn.thebittimes.com/images/2023/09/06/7e08a2049931bbc59ba0f452419338ed.webp 1308w" sizes="(max-width: 701px) 100vw, 701px"> 
  <figcaption class="wp-element-caption">
    Source: Kaiko 
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 </figure> 
 <p>A high volume usually means market participants are actively trading this token. However, this metric usually acts like a double-edged sword because the volume encapsulates both inflows and outflows. Depending on which side is dominant, the price moves in that direction. Despite registering high volumes, XRP was one of the worst performers on the price front. A recent Kaiko <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> pointed out,</p> 
 <p><strong>“XRP has failed to keep its post-ruling gains and is down by more than 25% in August, underperforming the top altcoins.”</strong></p> 
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 <figure class="wp-block-image size-large"> 
  <img decoding="async" width="1024" height="551" src="https://cdn.thebittimes.com/images/2023/09/06/f378975ec517e95ef18b8cfaa29b3502.webp" alt="" class="wp-image-110659" srcset="https://cdn.thebittimes.com/images/2023/09/06/f378975ec517e95ef18b8cfaa29b3502.webp 1024w, https://cdn.thebittimes.com/images/2023/09/06/f378975ec517e95ef18b8cfaa29b3502.webp 300w, https://cdn.thebittimes.com/images/2023/09/06/f378975ec517e95ef18b8cfaa29b3502.webp 768w, https://cdn.thebittimes.com/images/2023/09/06/f378975ec517e95ef18b8cfaa29b3502.webp 380w, https://cdn.thebittimes.com/images/2023/09/06/f378975ec517e95ef18b8cfaa29b3502.webp 550w, https://cdn.thebittimes.com/images/2023/09/06/f378975ec517e95ef18b8cfaa29b3502.webp 800w, https://cdn.thebittimes.com/images/2023/09/06/f378975ec517e95ef18b8cfaa29b3502.webp 1160w, https://cdn.thebittimes.com/images/2023/09/06/f378975ec517e95ef18b8cfaa29b3502.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: Kaiko 
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 </figure> 
 <p><strong>Also Read: <a rel="noopener noreferrer nofollow" title="Solana" href="https://thebittimes.com/tag/solana.html">Solana</a> Registers $26 Million Inflows: Becomes ‘Most Loved’ Crypto</strong></p> 
 <h3 class="wp-block-heading" id="h-sept-2023-trend">Sept. 2023 Trend </h3> 
 <p>XRP’s volume continues to stay high this month as well. Over the past 24-hours, the reading of this metric flashed a value of $720 million. Contrarily, <a rel="noopener noreferrer nofollow" title="Dogecoin" href="https://thebittimes.com/tag/dogecoin.html">Dogecoin</a>, <a rel="noopener noreferrer nofollow" title="Solana" href="https://thebittimes.com/tag/solana.html">Solana</a>, and Cardano only managed to settle $198 million, $402 million, and $101 million, respectively.</p> 
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 <p>Data from CoinGecko revealed that Korean exchanges continue to foster a significant proportion of XRP trades. On Korbit, XRP’s volume comprised 46% of the total trades at press time. </p> 
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  <img decoding="async" loading="lazy" width="1024" height="512" src="https://cdn.thebittimes.com/images/2023/09/06/d65de4129c90e5e9f829a8f665a0d82a.webp" alt="" class="wp-image-110652" srcset="https://cdn.thebittimes.com/images/2023/09/06/d65de4129c90e5e9f829a8f665a0d82a.webp 1024w, https://cdn.thebittimes.com/images/2023/09/06/d65de4129c90e5e9f829a8f665a0d82a.webp 300w, https://cdn.thebittimes.com/images/2023/09/06/d65de4129c90e5e9f829a8f665a0d82a.webp 768w, https://cdn.thebittimes.com/images/2023/09/06/d65de4129c90e5e9f829a8f665a0d82a.webp 380w, https://cdn.thebittimes.com/images/2023/09/06/d65de4129c90e5e9f829a8f665a0d82a.webp 550w, https://cdn.thebittimes.com/images/2023/09/06/d65de4129c90e5e9f829a8f665a0d82a.webp 800w, https://cdn.thebittimes.com/images/2023/09/06/d65de4129c90e5e9f829a8f665a0d82a.webp 1140w" sizes="(max-width: 1024px) 100vw, 1024px"> 
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    Source: Cryptopolitan 
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 </figure> 
 <p><strong>Also Read: ETF Rally: Ethereum is a Better Buy Than Bitcoin, Analyst Says</strong></p> 
 <p>On the price front, XRP has been trying to break above its descending channel, but insufficient buy volume has been hindering its path. The market continues to be oversold, and XRP has been trading flat around $0.5 of late. If the bears continue to overshadow the bulls, XRP could drop to $0.4558. Contrarily, if buy orders start getting stacked up, then the $0.5626 target would come into the picture.</p> 
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  <img decoding="async" loading="lazy" width="1024" height="517" src="https://cdn.thebittimes.com/images/2023/09/06/d5a11e34ff6c6fb7e0b259f02c28c9f2.webp" alt="" class="wp-image-110663" srcset="https://cdn.thebittimes.com/images/2023/09/06/d5a11e34ff6c6fb7e0b259f02c28c9f2.webp 1024w, https://cdn.thebittimes.com/images/2023/09/06/d5a11e34ff6c6fb7e0b259f02c28c9f2.webp 300w, https://cdn.thebittimes.com/images/2023/09/06/d5a11e34ff6c6fb7e0b259f02c28c9f2.webp 768w, https://cdn.thebittimes.com/images/2023/09/06/d5a11e34ff6c6fb7e0b259f02c28c9f2.webp 1536w, https://cdn.thebittimes.com/images/2023/09/06/d5a11e34ff6c6fb7e0b259f02c28c9f2.webp 380w, https://cdn.thebittimes.com/images/2023/09/06/d5a11e34ff6c6fb7e0b259f02c28c9f2.webp 550w, https://cdn.thebittimes.com/images/2023/09/06/d5a11e34ff6c6fb7e0b259f02c28c9f2.webp 800w, https://cdn.thebittimes.com/images/2023/09/06/d5a11e34ff6c6fb7e0b259f02c28c9f2.webp 1160w, https://cdn.thebittimes.com/images/2023/09/06/d5a11e34ff6c6fb7e0b259f02c28c9f2.webp 1920w" sizes="(max-width: 1024px) 100vw, 1024px"> 
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    XRP/USDT by TradingView 
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 <p><strong>Also Read: MetaMask Scammers Targeting Govt. Websites in India, Vietnam, Nigeria</strong></p> 
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<div class="cs-entry__tags"> 
 <ul> 
  <li>Dogecoin</li> 
  <li>Solana</li> 
  <li>xrp</li> 
 </ul> 
</div> 
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/xrp-volume-rises-to-720-million-surpasses-dogecoin-solana-tbt61710.html">https://thebittimes.com/xrp-volume-rises-to-720-million-surpasses-dogecoin-solana-tbt61710.html</a></p>

XRP Volume Rises to $720 Million: Surpasses Dogecoin, Solana

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