Coinbase reported a 17% decline in retail crypto trading volume, dropping to 78 billion USD, reflecting Bitcoin’s own 11% decrease. The exchange’s total revenue also experienced a 10% dip to 2 billion USD.
XRP stood out as a strong performer, making up 18% of Coinbase’s consumer trading revenue, surpassing both ETH and SOL. The holdings of XRP on the platform surged by 458% year-over-year, indicating robust retail interest.
Currently trading at 2.36 USD, XRP demonstrates unstable price action with indications of a potential bullish breakout. Analysts suggest that overcoming resistance levels could lead to further price increases.
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