In December 2024, XRP became the most traded alternative cryptocurrency on the Binance exchange, with trading volume exceeding $116.6 million on Binance Futures.
The increase in this activity is significant, especially since many cryptocurrencies, like Bitcoin, have seen price drops at the same time. The price of XRP fell to $2.13 on December 23, down 25% from its peak earlier in the month.
XRP is still the leading cryptocurrency, even surpassing Bitcoin briefly in trading volume in South Korea, demonstrating its increasing importance. The strong performance of XRP is largely due to more and more people using wallets.
After a positive decision from the U.S. Securities and Exchange Commission in 2023 that XRP is not a security, investor confidence has increased, leading to a significant rise in the number of active wallets. Data from Santiment shows that over the past two years, about 5.75 million new wallets have been created, indicating more users are getting involved.
Analysts are very optimistic about the future of XRP, stating that this coin could recover faster than other altcoins, even amid recent price fluctuations.
A strong and increasingly popular cryptocurrency among investors, making it an important part of the market. The excitement about potential opportunities in 2025, such as the establishment of an ETF in the United States, could further boost XRP's performance.
XRP had strong trading in December and an increasing number of users. It also shows resilience during price declines, highlighting its importance in the cryptocurrency world.
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