XRP Trading Volume Surges 10x at FalconX as Institutional Investors Pile In

XRP continued its sluggish trading trend as the weekend approached, dampening hopes of a Santa Claus rally this December amid a broader crypto market pullback led by Bitcoin.

XRP price remained largely subdued as the weekend approached, amid a broader crypto market pullback led by Bitcoin, quashing hopes for a Santa Claus rally this December.

However, it is worth noting that the crypto asset did witness a historic surge last month, spiking by over 470% in November and reaching $2.89, a level last seen nearly seven years ago.

This price spike came on the back of two major developments, including Donald Trump’s re-election victory and optimism over Ripple’s significant legal win against the SEC in its long-standing securities lawsuit over XRP.

Market participants also remain hopeful for more crypto-friendly regulations under the Trump administration, which further fueled XRP’s momentum.

Speaking of which, the ripple effects of these positive developments extended beyond market sentiment, manifesting in a surge of institutional participation within the XRP ecosystem.

Multi-billion dollar crypto prime brokerage FalconX has reported a phenomenal increase in XRP trading volume.

Highlighting this momentum in a recent tweet, Austin Reid, Global Head of Revenue and Business at FalconX, stated, “XRP trading is on fire. We’ve seen 10x growth in volume at FalconX between the first and second halves of Q4. This isn’t just retail action—institutions are driving the momentum.”

The statement was amplified by Ripple CEO Brad Garlinghouse, who retweeted Reid’s statement, further stoking interest and engagement within the XRP community.

Importantly, Reid’s statement underscores a significant shift in the cryptocurrency market, especially regarding the increasing participation of institutional investors in XRP trading.

Traditionally regarded as a utility-driven digital asset, especially for facilitating cross-border payments, a vision that has been championed by Ripple, XRP is now garnering broader recognition.

Emerging as a top contender for real-world applications in global finance, XRP is positioned to play a pivotal role in international settlements, particularly through Ripple’s recent advancements.

Among them is the launch of the RLUSD stablecoin earlier this month, which is set to significantly bolster the Ripple ecosystem.

Notably, through Ripple Payments, which has already facilitated over $70 billion in payment volume and boasts near-global coverage across over 90 payout markets, RLUSD stands to witness substantial growth.

As reported, FalconX’s revelation of a tenfold increase in XRP trading volumes during Q4 this year highlights a significant transition in market dynamics.

In the first week of this month, XRP, now the third-largest cryptocurrency by market capitalization, achieved a groundbreaking milestone with its trading volume surpassing the combined trading volume of Ethereum and Bitcoin, for the first time ever.

Moreover, by partnering with banks and payment systems around the world, Ripple has showcased XRP’s potential as a transformative solution for international settlements.

Adding to the momentum speculation surrounding the possibility of a spot XRP ETF and Ripple’s rumored IPO following a favorable resolution of its legal battles with the SEC have further bolstered market sentiment.

These developments are drawing institutional attention, as XRP is increasingly seen as more than just a speculative asset, but a cornerstone for real-world applications in global finance.

At press time, XRP was trading at $2.16 with a 0.90% drop over the past 24 hours.