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 <p>Crypto research platform Kaiko on July 27 reported that <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> perpetual futures volume-to-open interest ratio remains above average on most crypto exchanges. It indicates speculative interest remains higher on <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> price.</p>  
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  <img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20742%20400'%3E%3C/svg%3E" alt="XRP price" width="742" height="400" data-lazy-src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F2CmJt5WUAA6o_S?format=jpg&amp;name=large"> 
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  <figcaption class="wp-caption-text">
    XRP Volume to open Interest Ratio. Source: Kaiko 
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 <p><strong>Read More: Ripple Partner Launches Internal Invoicing Solution, Can <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> Reach $1?</strong></p> 
 <h2 id="xrp-is-the-top-traded-altcoin-of-2023">XRP Is The Top Traded Altcoin Of 2023</h2> 
 <p>CoinGape Media earlier reported that <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> is the top-traded altcoin of 2023, with trading volume rising after Judge Torres’ summary judgment ruling in Ripple vs SEC lawsuit. Altcoins such as Dogecoin (DOGE), Solana (SOL), and BNB are other top traded after <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a>.</p>  
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 <p><span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0">In addition, the amount of </span><span class="r-18u37iz"><a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a></span><span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0"> whale wallets holding 100 million+ coins is up to 199, matching the most wallets since May 13. Analysts even predict a 1000-2000% rally in <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> price as Ripple expands to other regions. </span></p>  
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 </div> 
 <p><span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0">Ripple applied for licenses in the UK and Ireland to improve its global reach. Ripple CEO <strong>Brad Garlinghouse </strong>earlier said the community will remain committed to the US as its global hub. However, the lawsuit against the US SEC and Gary Gensler’s approach toward the crypto market led to most developments happening outside the US in the last two years.</span></p> 
 <p><a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> price jumped 2% in the last 24 hours, with the price currently trading at $0.71. The 24-hour low and high are $0.699 and $0.729, respectively. Furthermore, the trading volume has increased slightly in the last 24 hours, indicating an interest among traders.</p> 
 <p><strong>Also Read:</strong></p> 
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  <li>Jack Dorsey, Michael Saylor Ask Bitcoin Lightning Support On Coinbase, Solana Founder Disagrees</li> 
  <li>Hong Kong Central Bank Collaborates With Saudi Arabia After UAE Crypto Push</li> 
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XRP Perpetual Futures Volume Data Indicates Massive Price Rally Above $1: Kaiko

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