XRP, the renowned cryptocurrency, has gained immense popularity and become one of the most talked-about assets on various platforms including KuCoin, CoinMarketCap, and CoinGecko. This surge in attention can be attributed to its unique position in the market and its ability to rally independently, making it a favorite among investors.
XRP on KuCoin: Riding High on the Trending List
KuCoin, a prominent exchange based in Seychelles, recently unveiled its top 5 trending assets of the week, determined by search popularity. While the list featured some newly introduced tokens like Pepe Token (PEPE) and Tenet (TENET) claiming the first and second positions, XRP secured a notable third place. This achievement is remarkable considering XRP’s longstanding presence in the market for over a decade. Despite its maturity, XRP continues to attract significant interest from investors, driving up demand.
The KuCoin list predominantly comprises tokens that have been introduced within the last two months. It is common for newly launched assets to gain traction and occupy positions on the “Trending Assets” lists during their initial months. Investors are often drawn to the potential for substantial returns during the early stages of these assets.
XRP Shines on CoinMarketCap’s Trending List
CoinMarketCap, a widely referenced price-tracking platform, also highlights XRP as one of the top 5 trending assets. Similarly to KuCoin’s list, the trending assets on CoinMarketCap are mainly led by PEPE and consist primarily of tokens introduced within the last two months.
In CoinMarketCap’s ranking, XRP secures the fifth spot, following the newly-introduced tokens Linear Finance (LINA), Trump Inu (TRUMPINU), and Injustice Sumarai (IS). This recognition on CoinMarketCap further solidifies the increasing interest in XRP, demonstrating its appeal among investors.
XRP Makes Waves on CoinGecko’s Trending List
Investors who rely on CoinGecko for tracking prices and market trends also exhibit a growing fascination with XRP. The cryptocurrency holds the fourth position on CoinGecko’s list of the top 5 trending assets.
CoinGecko’s trending list is primarily dominated by recently launched assets, with the exception of Bitcoin (BTC). PEPE claims the first position, followed by SUI and Aptos (APT) in second and third place, respectively. XRP secures the fifth spot, showcasing its popularity and resilience in the market.
XRP’s Trade Volume: A Testament to Its Growing Appeal
The surge in investor interest is further evident in XRP’s trade volume. Despite a slight decrease in trade volume over the past four days, XRP still maintains the third-highest 24-hour trading volume among non-stablecoins, amounting to an impressive $912.6 million.
On May 30, XRP’s trade volume surpassed the $2 billion mark for the first time in two months, indicating a significant surge in market interest. Notable spikes in XRP’s daily active addresses on May 28 and May 29, as reported by The Crypto Basic, further support this observation.
The sudden surge of interest in XRP doesn’t come as a surprise, as the asset has recently displayed signs of embarking on a solo rally, reminiscent of the one witnessed in late March. It has broken above a two-year downtrend on the XRP/BTC chart, outperforming Bitcoin by an impressive 30%. Currently trading at $0.52, XRP has experienced a 10.8% increase in value over the past week.