{"id":543114,"date":"2023-07-18T15:30:49","date_gmt":"2023-07-18T15:30:49","guid":{"rendered":"https:\/\/wncen.com\/?p=543114"},"modified":"2024-06-11T08:00:10","modified_gmt":"2024-06-11T08:00:10","slug":"xrp-overtakes-bitcoin-in-highest-weekly-trading-volume-following-legal-triumph","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/xrp-overtakes-bitcoin-in-highest-weekly-trading-volume-following-legal-triumph\/","title":{"rendered":"XRP Overtakes Bitcoin In Highest Weekly Trading Volume Following Legal Triumph"},"content":{"rendered":"
XRP, the native token of the Ripple network, has reportedly<\/a> surpassed Bitcoin in trading volume on the weekly average. The digital asset, following a significant legal win last week, now claims 21% of all cryptocurrency trade volume over the last week. This achievement is just one of many in Ripple’s recent journey in the spotlight.<\/span><\/p>\n Ripple’s presence in the news lately owes to a landmark court decision<\/a> in its favor. The United States Securities and Exchange Commission (SEC) had initially<\/a> taken legal action against the firm, accusing it of selling unregistered securities.<\/span><\/p>\n However, a federal judge in New York has recently declared that XRP is only security when sold directly to institutional investors under specific written contracts.\u00a0<\/span>And when the token was sold to retail investors on crypto exchanges, it is not deemed a security.<\/span><\/p>\n This verdict led to major cryptocurrency exchanges relisting XRP, causing a subsequent surge in demand and trading volume.<\/span><\/p>\n