تیز اتار چڑھاؤ کے درمیان XRP کا اوسط یومیہ تجارتی حجم Q4 میں دوگنا ہو کر $2 بلین ہو گیا

The average daily trading volume of the XRP token has surged in the second quarter of the year, despite the ongoing legal dispute involving its largest player Ripple and the U.S. Securities and Exchange Commission (SEC).

ایک کے مطابق ایکس آر پی مارکیٹ رپورٹ published by Ripple, the daily trading volume of the cryptocurrency doubled to $4.49 billion per day on average, up from $2.26 billion recorded during the first three months of the year.

XRP’s trading volume surged during the quarter amid heightened volatility in the market, which saw the prices of most cryptocurrencies initially surge along with bitcoin, which hit a new all-time high near $64,000 earlier this year, before plunging to less than $30,000. It has since then recovered and is now hovering around $40,000.

Similarly, the price of XRP high a $1.83 high before plunging to a $0.5 low this quarter. The cryptocurrency’s price then recovered and is now trading at $0.72.

Ripple acknowledged that despite the trading volume increase, XRP’s price was rather volatile, as was the rest of the cryptocurrency market. Behind the volatility, Ripple pointed to an umber of events, including “ransomware attacks, environmental concerns, Elon Musk’s tweets and regulatory scrutiny, among others.

The firm sold a total of $157.92 million worth of XRP during the second quarter of the year, up from $150.34 million in the first quarter. Ripple pointed out that regulatory crackdowns from several jurisdictions impacted the cryptocurrency market, as did high inflation expectations in the economy.

The cryptocurrency’s price and trading volumes have been holding despite the SEC’s lawsuit against Ripple and two of its executives. The SEC’s lawsuit alleges they “raised over $1.3 billion through an unregistered, ongoing digital asset securities offering.” 

It initially negatively impacted the price of XRP, as after the lawsuit was announced most cryptocurrency exchanges started delisting the token to avoid any repercussions, affecting its liquidity. Some exchanges, however, sided with Ripple on the lawsuit, arguing that the SEC’s move hurt XRP investors.

ریپل نے خود ہی مقدمے کی دلیل دی ہے "پہلے ہی بے شمار بے گناہ XRP خوردہ ہولڈرز کو متاثر کیا۔ ریپل سے کوئی تعلق نہیں ہے۔ اس نے مزید کہا کہ اس نے تبادلے، مارکیٹ بنانے والوں اور تاجروں کے لیے پانی کو گدلا کر دیا۔ فرم کے سی ای او بریڈ گارلنگ ہاؤس نے کہا ہے کہ فنٹیک فرم کے جانے کا بہت زیادہ امکان ہے۔ ریگولیٹر کے ساتھ اپنا مقدمہ طے کرنے کے بعد عوام۔

ڈس کلیمر
مصنف، یا اس مضمون میں مذکور کسی بھی لوگوں کے خیالات اور آراء کا اظہار صرف معلوماتی مقاصد کے لیے ہے، اور وہ مالی، سرمایہ کاری، یا دیگر مشورے پر مشتمل نہیں ہیں۔ کرپٹو اثاثوں میں سرمایہ کاری یا تجارت کرنا مالی نقصان کے خطرے کے ساتھ آتا ہے۔

امیج کریڈٹ
کے ذریعے نمایاں تصویر Pixabay

Source: https://www.cryptoglobe.com/latest/2021/08/xrps-average-daily-trading-volume-doubled-to-4-billion-in-q2-amid-heightened-volatility/