XRP leads in trading volumes on Binance in December
According to data from CryptoQuant analyst Jay Ar Maartunna, XRP has become the most popular altcoin on the Binance cryptocurrency exchange in the past year. A high trading volume exceeding $116.6 billion makes XRP a leader in the Binance futures market.
"It is important to keep an eye on the most traded coins on platforms like Binance, as they often attract the most attention from investors," noted the analyst.
Despite a significant price drop after reaching a three-year high on December 3, XRP shows resilience. According to Maartunna, the cryptocurrency is recovering faster than many other altcoins amid overall market instability.
Open interest in XRP reached $1.90 billion, with nearly half coming from Binance. The 28% increase in active wallets to 5.75 million, according to Santiment data, also indicates the growing popularity of the coin.
Key takeaways:
* XRP is the most traded altcoin on Binance Futures in December.
* High trading volume and an increase in active wallets indicate growing interest in XRP.
* Despite the recent price drop, XRP shows resilience.
