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Ripple (XRP) Achieves a Massive Milestone in December
In recent news, Ripple’s XRP has achieved a substantial milestone in the month of December. The cryptocurrency has seen its trading volume increase significantly, with some market experts even stating that it is the most traded altcoin on Binance Futures platform.
According to reports from CryptoQuant analyst, the trading volume of XRP has reached around $116 billion as of December 24th. This impressive figure makes it clear that Ripple’s XRP has taken the top spot in terms of trading volume among all other altcoins on the platform.
It is also worth noting that XRP’s price has been experiencing some turbulence recently, with its value crashing from $2.60 to below $2 at one point. However, since December 21st, the cryptocurrency has managed to consolidate above $2.20 and is currently trading there.
Some market analysts have even stated that if XRP can hold its ground above this crucial level of $2.20, it may consolidate for a while before attempting another surge towards $2.70. On the other hand, they warn that if this support breaks, a sharp decline to $1.96 becomes imminent.
In any case, it is evident that Ripple’s XRP has become the focus of many traders and investors in December, with its trading volume reaching a new high.
Source: cryptopotato.com
