XRP, Ripple's prominent cryptocurrency, has recorded a significant increase as it became the most traded altcoin on Binance in December 2024. Trading volume in the Binance Futures market reached $116.6 million, indicating strong demand from investors.
This attraction is mainly due to two main factors: XRP's potential for cross-border payments, which helps streamline global money transfers, and expectations of a clearer regulatory framework in the US under the Donald Trump administration, which has prompted institutional investors to flock to XRP.
Currently, XRP’s total open interest has reached $1.9 billion, with Binance accounting for $812 million. These positive signals show that XRP is gradually asserting its position in the cryptocurrency market and attracting significant interest from large investors.
