<div class="coingape"> 
 <h2 id="strong-xrp-demonstrates-trading-volume-dominance-strong"><strong>XRP Demonstrates Trading Volume Dominance</strong></h2> 
 <p><span style="font-weight: 400">Kaiko, a reputable digital asset market data provider, gave the </span><span style="font-weight: 400">update</span><span style="font-weight: 400"> on the X platform, highlighting that XRP exhibited astonishing trading strength despite a recent pullback.&nbsp;</span></p>  
 <div class="quads-location quads-ad90952 " id="quads-ad90952" style="float:none;text-align:center;padding:0px 0 0px 0;"> 
  <div class="ad1"> 
   <div class="advertised"> <span class="ad-placeholder">advertisement</span> 
   </div> 
  </div>   
 </div> 
 <p><span style="font-weight: 400">Kaiko noted that XRP’s average trading volume for the month of August was an impressive $462 million. This figure alone speaks volumes about the robust demand for XRP among traders and investors.</span></p> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">🚨Despite its recent pullback,#<a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> saw far stronger trading activity relative to other altcoins. </p> 
  <p>👉Its average trade volume was $462mn last month, four times higher than the next largest #altcoins by trade volume. pic.twitter.com/Mk9EfHsWNT</p>  
  <div class="quads-location quads-ad148831 " id="quads-ad148831" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
   <div class="NewTrendin dsdsd m-on"> 
    <h5> 
     <svg class="inline-block w-5 ml-1 text-black _text-digg-blue" width="34" height="20" xmlns="//www.w3.org/2000/svg" viewbox="0 0 17 17" fill="currentColor"> <path fill-rule="evenodd" d="M12 7a1 1 0 110-2h5a1 1 0 011 1v5a1 1 0 11-2 0V8.414l-4.293 4.293a1 1 0 01-1.414 0L8 10.414l-4.293 4.293a1 1 0 01-1.414-1.414l5-5a1 1 0 011.414 0L11 10.586 14.586 7H12z" clip-rule="evenodd"></path> 
     </svg>Recommended Articles </h5> 
    <div class="TrendSList owl-carousel owl-relatedpostar"> 
     <div class="BoXtrendsI bg-white"> 
      <div class="ImgFrmI"> 
       <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/06/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp"> 
       <noscript> 
        <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/06/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
       </noscript> 
      </div> 
      <h6 class="mb-4"> Crypto Presale Projects For 2023 To Invest; Updated List </h6> <span>Must Read</span> 
     </div> 
     <div class="BoXtrendsI bg-white"> 
      <div class="ImgFrmI"> 
       <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/06/fa6133ad6e87ee1c4776d3849180d46b.webp"> 
       <noscript> 
        <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/06/fa6133ad6e87ee1c4776d3849180d46b.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" loading="lazy"> 
       </noscript> 
      </div> 
      <h6 class="mb-4">Best Crypto Trading Bots List 2023</h6> <span>Must Read</span> 
     </div> 
     <div class="BoXtrendsI bg-white"> 
      <div class="ImgFrmI"> 
       <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/07/f88de9f91a8c6b7926f52e209e8f697e.webp"> 
       <noscript> 
        <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/07/f88de9f91a8c6b7926f52e209e8f697e.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
       </noscript> 
      </div> 
      <h6 class="mb-4"> Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated] </h6> <span>Must Read</span> 
     </div> 
     <div class="BoXtrendsI bg-white"> 
      <div class="ImgFrmI"> 
       <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/05/e59946958a3ce000f279efb2e1b9c852.webp"> 
       <noscript> 
        <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/05/e59946958a3ce000f279efb2e1b9c852.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
       </noscript> 
      </div> 
      <h6 class="mb-4">Crypto Telegram Channels List 2023 [Updated]</h6> <span>Must Read</span> 
     </div> 
     <div class="BoXtrendsI bg-white"> 
      <div class="ImgFrmI"> 
       <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/05/48cfebc8a0493db9937bed5dd005ee19.webp"> 
       <noscript> 
        <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/05/48cfebc8a0493db9937bed5dd005ee19.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
       </noscript> 
      </div> 
      <h6 class="mb-4">Top 10 Web3 Games To Explore In 2023; Here List</h6> <span>Must Read</span> 
     </div> 
    </div> 
   </div> 
  </div> 
  <p>— Kaiko (@KaikoData) September 7, 2023</p> 
 </blockquote> 
 <p></p> 
 <p><span style="font-weight: 400">What truly sets XRP apart from its competitors is that its average trade volume was approximately four times higher than the next largest altcoin by trade volume. This significant gap indicates that XRP was in a league of its own when it came to trading activity.</span></p> 
 <p><span style="font-weight: 400">The data from Kaiko underscores that, even in the face of market turbulence, <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> managed to maintain a level of relative strength that few other altcoins could match. This showcases the resiliency of <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> and its ability to hold up in a competitive crypto market.</span></p> 
 <h2 id="strong-xrp-growth-factors-strong"><strong>XRP Growth Factors</strong></h2>  
 <div class="quads-location quads-ad124348 " id="quads-ad124348" style="float:none;text-align:center;padding:0px 0 0px 0;">   
 </div> 
 <p><span style="font-weight: 400">One of the most significant factors that contributed to XRP’s resurgence was the ongoing legal developments surrounding the lawsuit between Ripple Labs and the US SEC.&nbsp;</span></p> 
 <p><span style="font-weight: 400">The company recently breathed a sigh of relief after Judge Analisa Torres determined that sales of <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> tokens to retailers do not qualify as securities, although sales to institutional investors do. This uncertainty being lifted has contributed to the renewed interest and investment in <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a>, ultimately boosting its trading volume in August.</span></p> 
 <p><span style="font-weight: 400">Additionally, Ripple Labs has continued to push for the adoption of its payment technology RippleNet and <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> as a bridge currency. Throughout its legal battle, the company has managed to secure partnerships with various financial institutions and payment providers, expanding the use cases for the digital currency.</span></p> 
 <p><span style="font-weight: 400">For instance, Ripple’s </span><span style="font-weight: 400">partnership</span><span style="font-weight: 400"> with the Global </span><span style="font-weight: 400">Central Bank Digital Currency</span><span style="font-weight: 400"> (CBDC) Symposium brought a renewed interest in <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a>. Furthermore, Ripple’s ongoing efforts to </span><span style="font-weight: 400">facilitate</span><span style="font-weight: 400"> cross-border payments have garnered attention, positioning <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> as a potential solution for the inefficiencies plaguing the traditional financial system.</span></p> 
 <noscript> 
  <link rel="noopener noreferrer nofollow" href="#" media="all" data-minify="1"> 
  <link rel="noopener noreferrer nofollow" id="dscf7-math-captcha-style-css" href="https://coingape.com/wp-content/plugins/ds-cf7-math-captcha/assets/css/style.css?ver=6.3" type="text/css" media="1"> 
 </noscript> 
</div>  
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/xrp-ranks-as-most-traded-altcoin-in-august-data-tbt61917.html">https://thebittimes.com/xrp-ranks-as-most-traded-altcoin-in-august-data-tbt61917.html</a></p>

XRP Ranks as Most Traded Altcoin in August: Data

Table of Contents

TheBitTimes

Other articles published on Sep 7, 2023

Justin Bieber Punya NFT untuk Pembayaran Royalti

Coinbase down: Layer 2 vulnerability exposed!

AMT Stock Price Near Demand Zone, Is AMT An Ideal Pick Now?

Aelf Ventures Launches with $50M Ecosystem Fund to Support Web3 Founders

Is Ripple the Next Amazon, Google, or Apple? Wealth Manager Shares Insights

Ripple’s XRP Fights to Break Resistance, Faces Uncertain Future

Join our free newsletter for daily crypto updates!