XRP has been making significant waves in the cryptocurrency market, with its open interest currently standing at $1.9 billion, according to CoinGlass data. Binance leads the pack, accounting for nearly half of this figure with $812 million, while Bitget and OKX hold second and third positions, respectively. Over the past 24 hours, XRP has achieved an impressive $9.6 billion in trading volume, making it the fifth most-traded cryptocurrency, following Bitcoin, Tether (USDT), Ethereum, and USDC.
Earlier this month, XRP experienced a notable rally, briefly surpassing Bitcoin in trading volume on South Korean exchanges. This surge also coincided with a record high in Google search volume for XRP, signaling strong investor interest. However, this burst of excitement was short-lived.
Looking ahead to 2025, XRP could benefit from several bullish catalysts, particularly the growing buzz surrounding potential Bitcoin ETFs in the US, which could positively impact the broader cryptocurrency market and XRP’s position within it. #BinanceAlphaAlert #Binance #Xrp🔥🔥 #XRPRealityCheck #GrayscaleHorizenTrust $
