XRP Becomes Most Traded Altcoin in December on Binance

XRP is the most traded altcoin on Binance this December with over $116.6 million in trading volume.
Even though its price fell recently, XRP is expected to bounce back faster than other altcoins.
XRP wallet numbers are growing, showing that more people are interested in it after the SEC decision.

XRP leads Binance Futures

In December 2024, XRP has become the most traded alternative digital currency on the Binance exchange, according to an analyst. It has recorded over $116.6 million in trading volume on Binance Futures, surpassing other altcoins. This increase in trading volume comes at a time when many cryptocurrencies, including Bitcoin, have seen their prices drop.

The strong performance of XRP on Binance Futures shows that it is getting more attention from traders, even with the price falling. On December 23, the price of XRP fell to $2.13, a 25% decrease from its high on December 3. Despite this, it has remained one of the most traded cryptocurrencies in the market. In fact, during the recent price increase, XRP surpassed Bitcoin in trading volume in South Korea, a remarkable achievement for the coin.

Rising Wallet Activity

One reason for XRP's strong performance is the increase in the number of people holding and using XRP. After the US SEC ruled in 2023 that it is not a security, many investors became more confident in the token. This has led to an increase in active wallets. According to Santiment, the number of wallets with XRP has increased significantly, with 5.75 million new wallets added over the past two years.

Even with the price drop, the analyst believes it will recover quickly compared to other altcoins. This is because XRP has shown strong resilience, and its growing popularity among investors makes it a token to watch in the future. As more people start using XRP and new opportunities arise in 2025, such as the buzz around ETFs in the US, XRP is likely to continue to perform well.

In summary, XRP's strong performance in December, despite recent price drops, shows that it remains a popular choice for traders. With more people adopting it and its position as the most traded altcoin on Binance, it is expected to remain an important player in the cryptocurrency market.