Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
XRP Price Outpaces Altcoins with Record Volume and 100% Growth Forecast

XRP Price Outpaces Altcoins with Record Volume and 100% Growth Forecast

CryptoNewsNetCryptoNewsNet2024/12/24 04:22
By:cryptonewsz.com

XRP, the native cryptocurrency of global payment company Ripple, has showcased strong resilience to the current market correction. While Bitcoin continues to extend correction below $100k, the XRP price shows stability above the $2 level with a substantial surge in trading volume on Binance futures.

As of now, the XRP price trades at $2.25 with an intraday gain of 2.08%. According to Coingecko, the asset’s market cap is at $48 Billion, while the 24-hour trading volume is at $4.8 Billion.

Key Highlights:

  • The XRP price prolongs its consolidation trend amid the formation of a pennant pattern.
  • XRP became the most-traded altcoin on Binance Futures in December 2024, with a trading volume of 116.6 billion.
  • A breakdown below the pennant’s support will invalidate the bullish thesis.

XRP Dominates Altcoin Trading on Binance Amid Crypto Sell-Off

In December 2024, XRP emerged as the most-traded altcoin on Binance Futures, recording an impressive trading volume of 116.6 billion, and the month is still ongoing. According to analyst Maartunn, this highlights XRP’s strong market activity despite broader market declines in Bitcoin and other altcoins over the past few days.

The sharp drop in crypto prices has increased focus on top-performing assets like XRP, which shows resilience and potential for quick recovery. The substantial trading signals growing investors’ interest in the asset’s discounted value is a general signal of dip accumulation.

XRP Price Outpaces Altcoins with Record Volume and 100% Growth Forecast image 0
CryptoQuant

XRP Price Pennant Breakout Could Trigger Surge to $14.5

Over the past three weeks, the XRP price has traded sideways within two converging trendlines, revealing the formation of a pennant pattern. The chart setup is characterized by an inclined trendline displaying the dominating trend and a short consolidation before the next breakout.

The 4-hour XRP chart has formed such a similar setup twice in the November rally, indicating a cyclic pattern for buyers to recuperate the exhausted bullish momentum. If the pattern holds true, the coin price could surge 10.4% to challenge the triangle’s overhead trendline.

XRP/USDT -1d Chart

An upside breakout will further accelerate the bullish momentum for the $14.5 target, accounting for a potential growth of 100%.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

BlockDAG, Solana, Monero, & PEPE Could Shape the Top-Performing Crypto Rankings in 2025

Want to know the top-performing crypto for 2025? See why BlockDAG’s 17,750 miners & 2,520% ROI lead the pack, along with strong contenders Solana, Monero, & PEPE.1. BlockDAG (BDAG): Massive Hardware Rollout and Market Momentum2. Solana (SOL): A Scalable Solution with Strong Developer Demand3. Monero (XMR): Privacy-Focused with Long-Term Resilience4. PEPE: A Meme Coin That Keeps Delivering Unexpected GainsWhich Crypto Has the Edge in 2025?

Coinomedia2025/05/29 18:00
BlockDAG, Solana, Monero, & PEPE Could Shape the Top-Performing Crypto Rankings in 2025

Best Crypto Presale: 3 New Crypto Projects Raising Millions And Attracting Investors

Nexchain, Solaxy, and BTC Bull shine in 2025 presales—AI, Solana scaling, and BTC rewards drive investor interest as the crypto market rebounds.Nexchain: Where AI Meets Autonomous BlockchainSolaxy: Scaling the Solana SurgeBTC Bull: Airdrop for Bitcoin MaxisNexchain Leads the Charge in 2025 Pre-Sales

Coinomedia2025/05/29 18:00
Best Crypto Presale: 3 New Crypto Projects Raising Millions And Attracting Investors

XMR Price Surges & Tron (TRX) Price Action Gains Steam – but Unstaked’s AI-Powered Token Is the Smartest Buy

Tron (TRX) price action targets $0.73, Monero (XMR) price surge passes $400, but Unstaked’s $0.010126 presale and 2,700% ROI potential could overshadow them both.(TRX) Eyes $0.73 as 2025 Price Forecast Builds MomentumMonero (XMR) Surges Past $400: Is a New All-Time High on the Horizon?Unstaked Is the Future of Decentralized MarketingSumming Up

Coinomedia2025/05/29 18:00
XMR Price Surges & Tron (TRX) Price Action Gains Steam – but Unstaked’s AI-Powered Token Is the Smartest Buy