In December 2024, XRP became the top alternative cryptocurrency traded on the Binance exchange, with a trading volume exceeding $116.6 million on Binance Futures.
This increase in activity is significant, particularly since many cryptocurrencies, like Bitcoin, saw price drops at the same time. XRP’s price dropped to $2.13 on December 23, which is a 25% decrease from its high earlier in the month. XRP stayed a top cryptocurrency, even briefly outpacing Bitcoin in trading volume in South Korea, showing its rising importance.
XRP’s strong performance is largely due to more people using wallets. After a positive decision from the U.S. SEC in 2023 that said XRP is not a security, investor trust grew, causing a significant increase in active wallets. Data from Santiment shows that in the last two years, around 5.75 million new wallets have been made, indicating more users are joining.
Analysts are hopeful about XRP’s future, indicating that it may bounce back faster than other altcoins, even with recent price changes. Cryptocurrency is strong and becoming more popular with investors, making it an important market part. The excitement about possible chances in 2025, like the creation of ETFs in the U.S., might boost XRP’s performance even more.
XRP had strong trading in December and a growing number of users. It also showed resilience during price drops, highlighting its importance in the cryptocurrency world.
