According to the data he provided Queen GekkoThe XRP/USD pair represents more than 25% of the 24-hour trading volume on the Coinbase exchange.

It has recorded a trading volume of over $1.7 billion on America's leading cryptocurrency trading platform.

For comparison, BTC/USD comes in second place with $1.3 billion (19.6%).

Overall, Ripple's token ranks third in terms of trading activity (behind only Bitcoin and Ethereum). It recorded a huge trading volume of $20 billion.

As reported by U.Today, the XRP token reached a new record high on Thursday after seven years.

More than $18 million in XRP trades were liquidated over the past 24 hours, according to CoinGlass data.

Total open interest for XRP futures also reached $8 billion after recording an 8% increase yesterday.

This came amid rumors that the US is considering creating reserve US currencies such as XRP. This was first reported by the New York Post, sparking a lot of speculation within the community. However, such rumors should be taken with a grain of salt.

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