Coinpaper
2025-07-24 18:39:50

XRP Emerges as the Most Bought Crypto on Coinbase Amid Bulls Regaining $3.20 Level

XRP’s Buyer Dominance Skyrockets According to market analyst Saint, “XRP volume is 1 on Coinbase that shows it with more buyers than any other asset by far. Right now retail is clearly buying the dip.” XRP leads Coinbase buyer rankings with 101,000 participants, surpassing Ethereum and Bitcoin at 88,000 and 87,000 respectively. Solana comes a distant fourth with 32,000 buyers, spotlighting XRP’s notable momentum and investor appeal. Therefore, XRP continues to dominate Coinbase’s buyer charts backed by a compelling mix of technical momentum, institutional legitimacy, and renewed confidence in its utility. 1. Regulatory Milestone & ETF Buzz Ripple’s long-running legal battle with the SEC concluded earlier this year with the withdrawal of its cross-appeal, fueling enthusiasm around a potential spot XRP ETF. Confirmation from Ripple CEO Brad Garlinghouse that the case is fully settled added credibility, opening the doors for institutions that previously steered clear of XRP. 2. Surging Market Momentum XRP surged to $3.65 in mid‑July, a fresh all-time high, fueled by present momentum and renewed investor confidence. This price action attracts both short-term speculators and long-term believers looking to capitalize on the breakout. For instance, XRP has surged to $3.23 despite dropping to the psychological price of $3 earlier today. 3. Broader Crypto Market Tailwinds The broader crypto landscape remains bullish. Bitcoin hits historic highs above $122K, while Ethereum posted notable recoveries, all reinforced by positive on-chain metrics and macroeconomic catalysts. XRP’s leader ranking underscores how it's benefiting from this bullish wave. 4. Diverse Retail Interest Coinbase’s buyer statistics reflect genuine retail diversification. The XRP lead suggests it’s drawing interest across varied investor types from allocators reacting to regulatory wins to traders chasing short-term technical breakouts. 5. Network Activity & Utility Narrative Unlike many purely speculative tokens, XRP’s cross-border payments functionality especially after compliance improvements resonates with on-chain analysts. This practical use case strengthens its appeal relative to more speculative alternatives. Conclusion XRP topping Coinbase buyer charts with 101,000 entrants is proof of its resurging relevance. Regulatory wins, ETF potential, and strong price performance make it the talk of July 2025 after reaching new record highs of $3.65, a scenario not seen in the last 7 years. Ethereum and Bitcoin boast larger market caps, but XRP’s current trajectory is demanding attention from retail and institutional investors alike.

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