XRP Becomes Binance’s Most Traded Altcoin in December 2024

XRP is the most traded alternative cryptocurrency on the Binance market this December, per statistics from CryptoQuant analyst JA Maartunn.

Over $116.6 million in trading activity has been generated by the cryptocurrency on the Binacne Futures market.

Both Bitcoin and other cryptocurrencies saw significant price drops in recent days. But according to the CryptoQuant expert, the XRP token might bounce back “relatively quickly.”

According to CoinGecko, the price of XRP fell to an intraday low of $2.13 earlier today. With a more than 4% decline, it has underperformed other significant cryptocurrencies.

The coin associated with Ripple has already dropped over 25% from its multi-year peak on December 3. The cryptocurrency’s incredible surge was fueled by Coinbase whales at the time.

According to CoinGlass data, there is currently $1.9 billion in open interest in XRP. Almost half of this amount ($812 million) is on the Binance exchange. OKX and Bitget are ranked third and second, respectively.

XRP has earned $9.6 billion in trade activity in the last 24 hours. After Bitcoin, Tether’s USDT, Ethereum, and USDC, it is the fifth most traded cryptocurrency.

In South Korea, XRP briefly overtook Bitcoin in terms of trade volume during the height of its rise earlier this month.

According to U.Today, the volume of Google searches for the token reached a new record high. But this craze didn’t last very long.

However, a few optimistic triggers, such as the increasing interest in ETFs in the US, are probably going to help the token in 2025. #XRP Price Forecast