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Title: XRP Becomes Most Traded Altcoin on Binance This December
XRP has made a remarkable surge in its trading volume on Binance, becoming the most traded altcoin on the platform for the month of December. According to recent data, XRP’s open interest currently stands at $1.9 billion, with the Binance exchange accounting for nearly half of this sum ($812 million). Bitget and OKX come in second and third places, respectively.
Over the past 24 hours, XRP has generated a staggering $9.6 billion in trading volume, making it the fifth most-traded cryptocurrency behind only Bitcoin, Tether’s USDT, Ethereum, and USDC. This impressive performance is likely to be fueled by its recent rally, which saw the token briefly flip Bitcoin by trading volume in South Korea.
As reported by U.Today earlier this month, XRP set a new record high in terms of Google search volume during the peak of its rally. Although this frenzy was short-lived, it’s clear that investors remain enthusiastic about the token’s prospects going forward.
Several bullish catalysts are expected to support XRP’s price growth in 2025, including the growing ETF buzz in the US. As the crypto market continues to evolve and mature, these developments will likely have a positive impact on the entire ecosystem.
While many have questioned XRP’s long-term viability due to its volatility and lack of clear use cases, it is undeniable that the token remains a powerful force in the cryptocurrency space.
Will XRP continue to ride this wave of momentum? Only time will tell.
Source: u.today
