XRP Dominates Crypto Market Activity, Surpasses Bitcoin and Ethereum on Coinbase

Retail Demand Surges for XRP

XRP has recently taken the lead in cryptocurrency market activity, surpassing both Bitcoin and Ethereum in terms of retail demand on Coinbase. With 101,000 participants showing interest in XRP, the token has managed to reclaim the $3.20 price level after a period of volatility. This surge in retail demand reflects a shift in investor behavior, driven by regulatory clarity, technical strength, and growing institutional interest [1]. Market analysts note that XRP's momentum is unique, with a significant number of buyers clearly "buying the dip" on Coinbase, indicating renewed confidence in the asset [1].

Regulatory Developments Boost XRP's Position

A key factor in XRP's recent success has been the resolution of Ripple's legal dispute with the U.S. Securities and Exchange Commission (SEC). With the SEC withdrawing its cross-appeal, CEO Brad Garlinghouse confirmed that the case is fully settled, providing a boost to institutional confidence in XRP's legitimacy [1]. This regulatory milestone has sparked speculation about the potential launch of a spot XRP exchange-traded fund (ETF), which could further enhance institutional participation in the token. Analysts emphasize that XRP's utility in cross-border payments, coupled with recent compliance upgrades, has made it an attractive asset compared to more speculative options [1].

Technical Strength and Practical Applications Drive XRP's Surge

XRP's recent performance has been supported by both technical momentum and practical applications. The token reached a seven-year high of $3.65 in mid-July and has since maintained levels above $3.20, attracting interest from both short-term speculators and long-term investors. The XRP Ledger's role in facilitating a $130 million breakthrough in Brazil's private credit markets, along with additional tokenized finance projects, highlights the token's expanding utility beyond speculative trading [2]. Coinbase's data indicates a shift in investor strategy, with XRP drawing allocations from various segments, including regulatory-focused buyers and technical traders. While Bitcoin and Ethereum retain larger market caps, XRP's momentum suggests growing acceptance across retail and institutional sectors [2].