XRP Daily Trading Volume Surges Over 100%

Its outsized influence trade volume can have.

According to analysts, a comparatively small volume boost caused the tokens market cap to skyrocket:

Ever wondered how much money it takes to cause a 16.6B increase in $XRP market cap？

Since I am tracking every trade on all major spot exchanges, I have the exact $ figure

61M USD. Thats the net market buying pressure we saw over the last 13 hours.

So yes, 61M USD of buy…

— Dom (@traderview2) May 12, 2025

In other words, it‘s difficult to assess the exact macroeconomic reason for XRP’s market cap spike. The SEC case was settled last week, but most of this 107% increase in trade volume took place this morning.

It‘s very possible that a single trader or small group moved $61 million in XRP, which significantly complicates any narrative about the token’s success.

All that is to say, this volume spike had a significant impact, but it didn‘t have much underlying stability. After XRP’s price fell in the early afternoon, USDT reclaimed its position as the third-largest cryptoasset by market cap.

Meanwhile, positive developments continue to drive optimism for the altcoin. In the US, recent reports suggest that Missouri could become the first state to exempt digital assets like Bitcoin and XRP from capital gains tax.

Such developments and continued market optimism could drive more traders to hold ‘Made in USA Coins’ like XRP.