XRP Becomes Top-Traded and Most-Searched Crypto on Coinbase, Surging in Volume and Interest

XRP has rapidly emerged as the leading cryptocurrency on Coinbase, both in terms of trading volume and search interest, reflecting a significant shift in trader and investor sentiment. Coinbase’s recent earnings reported a downturn in overall revenue and crypto trading volume, yet XRP stood out, accounting for 18% of consumer trading revenue—far surpassing Ethereum and Solana combined, and second only to Bitcoin. The value of XRP held on the exchange soared 458% year-over-year, driven by renewed retail enthusiasm following Coinbase’s resumption of XRP trading after regulatory clarity in 2023. Newer data confirms and extends these trends: XRP recently topped Coinbase search rankings, with 26,000 searches—outpacing Onyxcoin and Bitcoin. It also led 24-hour trading activity, comprising over 25% (about $1.7 billion) of Coinbase’s daily crypto volume, compared to Bitcoin’s 19.6%. XRP’s price has delivered an impressive rally of over 600% since November 2024, reaching new highs of $3.33 and attaining a market cap of $187 billion. This surge is attributed to strong price gains, speculation that XRP could become a US digital reserve, and rising optimism about an XRP ETF, which betting platforms peg at over a 70% approval chance. Additionally, Onyxcoin and Bitcoin remain prominent on Coinbase, but XRP’s momentum has eclipsed both, signifying a shift in trader preference on one of the world’s largest exchanges. Coinbase’s $2.9B acquisition of Deribit signals its push into crypto derivatives, aiming to diversify revenues amid market volatility. Meanwhile, XRP faces technical resistance at $2.38, with short-term bullish signals but heightened caution. The overall market context suggests growing institutional and retail interest in XRP, positioning it as a key asset to watch for 2025 and beyond.