XRP cryptocurrency has faced significant price fluctuations and an increase in trading volumes in recent days.
Sharp Price Fluctuations of XRP
In recent days, XRP's price fell from $2.60 to below $2 but managed to stabilize above $2.20 after December 21.
Trading Volume Increase on Binance
The volatility of XRP has led to a significant increase in trading volume, especially on the Binance Futures platform, where it reached $116 billion.
It's important to track the top-traded coins on Binance, as they should be your main focus when trading altcoins.
Expert Analysis and Forecasts
The popular trader and analyst Ali Martinez sees the $2.20 level as pivotal for XRP's future price. If the support holds, it might consolidate before attempting to reach the $2.70 resistance again.
If the $2.20 level holds, it might lead to another attempt to reach the $2.70 resistance.Ali Martinez
Despite the volatility, XRP shows signs of recovery, increasing by 3% for the day while showing an 11% drop over the past week.
