XRP's trading volume shows signs of stabilization, remaining in the $10 to $20 billion range, indicating the health of the cryptocurrency market.
XRP Trading Activity
According to market analyst Daniel Markson, XRP's trading volume has remained consistent, which follows a period of heightened volatility in the cryptocurrency market.
"Over the past 3 months, XRP has shown notable spikes in both trading volume and price," Markson stated. "Volume peaked mid-May above $20B, followed by a period of reduced activity." This stability, the analyst notes, indicates a consolidation phase as the market absorbs recent gains and recalibrates investor sentiment.
US Crypto Legislation
Senator Cynthia Lummis has outlined a possible timeline for the passage of the anticipated Crypto Market Structure Bill, suggesting it could become law by Thanksgiving or Christmas 2025.
Lummis, a long-standing advocate for blockchain innovation and digital assets, emphasizes the need for clear federal guidelines. This legislation could eliminate uncertainty from fragmented state regulations, establishing a clear framework for the cryptocurrency industry that includes investor protections.
Market Development Prospects
Should the Crypto Market Structure Bill become law, it could usher in a new era of clarity for the US cryptocurrency market. The current $10–20 billion trading volume range positions XRP favorably within the broader digital asset ecosystem, demonstrating that despite market fluctuations, the cryptocurrency maintains a solid base of active participants and capital flow.
With the introduction of a clear federal framework, the legislation could protect investors and encourage innovation, positioning the United States as a leader in the global digital economy.
