After Bitcoin (BTC), XRP is the second most traded asset on KuCoin, a cryptocurrency exchange located in the Seychelles, according to statistics from CoinMarketCap. Spot trading activity for XRP reached $94 million ($94,285,762) in the past 24 hours, making up 11.16% of the platform’s overall transaction volume.
The spot trading volume for Bitcoin, on the other hand, reached $187 million ($187,406,071), or 22.18% of the total 24-hour trading volume.
In KuCoin, which has more than 20 million users globally and a presence in more than 200 countries, XRP was interestingly among the top five coins by weekly search popularity.
In related news, the cryptocurrency exchange Bitcastle in Saint Vincent and the Grenadines has launched a contest for the Bitcoin (BTC), Ethereum (ETH), and XRP communities until April 23 in which one fortunate winner will have the opportunity to win $1,000 every day.
XRP price action
At the time of writing, the price of XRP has dropped by 4.85% over the previous day to $0.467. Profit-taking is occurring on the cryptocurrency market as investors prepare for a future interest rate increase.
The cryptocurrency market is expected to see its third straight day of decline on April 19; millions of dollars have already been sold.
Trading volume for XRP has increased by 9% as investors watch for signs of the next market movement. After posting a good 42% increase in March, XRP is currently down 13.63% so far in April.
Whales are moving their assets in the midst of the current market turbulence. A huge quantity of 119,072,730 XRP worth $56,830,113 was seen travelling between unidentified wallets in the past 24 hours by WhaleAlert.
