XRP News Today: XRP Attracts 101,000 Coinbase Buyers Surpassing Ethereum Bitcoin Amid $3.20 Rally SEC Settlement

XRP has emerged as the most actively purchased cryptocurrency on Coinbase, drawing 101,000 buyers—surpassing Ethereum’s 88,000 and Bitcoin’s 87,000 participants. This surge coincides with the token reclaiming the $3.20 psychological level after a period of volatility, with prices briefly reaching $3.65 in mid-July, a seven-year high [1]. The rally reflects a shift in retail investor behavior, as the asset benefits from a confluence of regulatory clarity, technical strength, and renewed institutional interest.

The resolution of Ripple’s protracted legal dispute with the U.S. Securities and Exchange Commission (SEC) has played a pivotal role. With the agency withdrawing its cross-appeal, CEO Brad Garlinghouse confirmed the case is now fully settled, a development that has bolstered institutional confidence in XRP’s legitimacy [1]. This regulatory milestone has fueled speculation about the potential launch of a spot XRP exchange-traded fund (ETF), which could further open the door for institutional participation. Analysts highlight that XRP’s utility in cross-border payments—particularly after recent compliance upgrades—has strengthened its appeal compared to more speculative assets [1].

Coinbase’s data underscores XRP’s unique momentum. While Solana lags with 32,000 buyers, the token’s performance aligns with broader crypto market optimism, as Bitcoin and Ethereum also post gains. However, XRP’s retail-driven rally distinguishes it. Market analyst Saint noted that the buying activity on Coinbase reflects “retailers clearly buying the dip,” driven by a mix of technical momentum and renewed utility narratives [1]. On-chain metrics and macroeconomic factors further support the surge, with diverse investor segments—ranging from short-term breakout traders to long-term believers—showing interest.

The practical applications of XRP have also gained traction. Recent developments, such as the XRP Ledger facilitating a $130 million breakthrough in Brazil’s private credit markets, illustrate its expanding utility beyond speculative trading. These transactions, coupled with an additional $500 million in queued activity, highlight XRP’s role in tokenized finance [2]. Such use cases reinforce its position as a versatile asset in a market increasingly focused on real-world applications.

While XRP’s market capitalization remains smaller than Bitcoin and Ethereum, its trajectory has attracted significant attention. The token’s ability to balance regulatory clarity, price performance, and practical utility positions it as a standout performer in a bullish crypto landscape. As the market digests these dynamics, XRP’s sustained presence atop Coinbase’s buyer rankings signals growing relevance in an evolving industry [1].

Source:

[1] [XRP Emerges as the Most Bought Crypto on Coinbase Amid Bulls Regaining $3.20 Level](https://coinpaper.com/10179/xrp-emerges-as-the-most-bought-crypto-on-coinbase-amid-bulls-regaining-3-20-level)

[2] [One site. All news. kripto.NEWS](https://kripto.news/)