Ripple’s XRPL DEX Liquidity Explodes 4X, Hits $20 Billion Milestone as Onchain Activity Rises ⋆ ZyCrypto
The post Ripple’s XRPL DEX Liquidity Explodes 4X, Hits $20 Billion Milestone as Onchain Activity Rises ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement     Ripple’s XRP is one of the top performers across the cryptocurrency market in 2025. XRP gained by 44% into the year, with its market capitalization surging to $191 billion. At press time, the third-largest crypto traded at $2.47. XRP’s gains come from growing market interest, on-chain activity, and rising usage of the XRP Ledger. XRP’s On-chain Activity Surges to Record Highs According to CryptoQuant’s head of research, Julio Moreno, XRP has recorded a significant increase in on-chain activity, fueling the bullish momentum. In an interview with Unchained, Moreno stated that the number of daily active wallet addresses for the XRP coins increased by 900% within the second half of 2024. By the end of the year, these addresses had surged to more than 100,000. The XRPL decentralized exchange (DEX) has also recorded similar growth. Per CryptoQuant data, liquidity on the platform has surged four-fold in under three months to $20 billion. Advertisement   One of the factors that could be driving this growth is the rise of Ripple meme coins. For instance, PHNIX, a meme coin created on the XRP Ledger, has gained by more than 155% in just one week. The rising usage of the XRPL platform creates a positive outlook about XRP’s long-term performance. This growth is also boosting utility and demand for XRP. Retail Interest is also Driving XRP’s Price Retail interest around XRP has also increased significantly as the price struggled to approach an all-time high. Most of these volumes came from an uptick in buying activity. The Relative Strength Index (RSI) on XRP’s one-day chart has risen gradually to 76, indicating that it was close to reaching overbought levels. The Chaikin Money Flow (CMF) also shows a similar outlook after rising to 0.31, which indicates intense buying pressure. The rising CMF shows…
Filed under: News - @ February 11, 2025 10:23 pm