Ripple's cryptocurrency (
$XRP ), the fourth-largest cryptocurrency, has seen a notable decline in trading activity over the past twenty-four hours. According to CoinMarketCap data, its daily trading volume unexpectedly dropped by 55% to $1.38 billion, raising questions about the potential reasons for this decline.
This significant drop in trading volume comes in the wake of what appeared to be a 'critical week' for Ripple: Ripple announced its mutual appeal drop in the U.S. Securities and Exchange Commission lawsuit (
#SEC ), expecting the regulatory body to do the same, thus closing this file permanently; the
#XRPLedger platform received a major upgrade alongside new integrations, and Robinhood launched mini futures for Ripple, among other services.