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According to CryptoQuant analyst J. A. Maartunn, XRP was one of the most sold altcoins on Binance in December of this year. The altcoin recorded trading volume on Binance Futures exceeding $116.6 million, surpassing other altcoins.
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According to Cryptoquant, XRP was traded in larger volumes than other altcoins in the market. This surge occurred when the price of XRP reached its peak in three years and then sharply fell.
✨️According to CoinGecko, the price of XRP fell to an intraday low of $2.18, which is a decline of more than 1%. XRP has also fallen more than 25% since it reached a multi-year high on December 3. This price movement is similar to the dynamics of other major markets, as most leading cryptocurrencies declined during the same period.
Despite these setbacks, Maartunn claims that XRP remains resilient. He stated: 'It seems that XRP is recovering faster than most altcoins despite broader market issues.' According to CryptoQuant, the open interest in the token amounts to $1.90 billion, of which nearly 50% is on Binance. 💥💥💥💥💥