TLDR
- XRP has dominated December trading with a 124% rally and $2.54 price mark
- Market cap growth to $145 billion pushes XRP past Tether into third place
- Large-scale buyers have added 30 million XRP tokens in recent 24-hour period
- Price broke through long-standing $0.50 resistance following November elections
- Daily trading volumes up 53.72% amid increasing institutional participation
XRP has captured the market’s attention this December as its price soared beyond $2.54, marking a dramatic shift in trading patterns. The digital asset has outperformed market expectations, recording a remarkable 124% gain over the past month and establishing itself firmly in the third position among all cryptocurrencies.
Market watchers have observed unprecedented trading activity, with daily volumes jumping 53.72% as both retail and institutional participants increase their exposure to XRP. The surge in buying pressure has propelled XRP’s market capitalization to $145 billion, surpassing Tether (USDT) in the rankings.
Data from market intelligence firms reveals a wave of large-scale accumulation. In a notable development, whale wallets added 30 million XRP tokens within a 24-hour window, highlighting the scale of institutional interest in the asset. These substantial purchases suggest growing confidence among major market players.
Trading charts demonstrate the asset’s break from its historical price range. November proved pivotal as XRP shattered a long-standing $0.50 resistance level that had persisted for three years. This breakthrough coincided with the U.S. Presidential election results, after which the price accelerated past $1.
The asset’s technical indicators paint a picture of sustained momentum. Volume analysis shows steady accumulation during price increases, while momentum indicators point to continued upward pressure. Trading patterns reveal strong support forming above the $2.50 mark.
Market analysts attribute the rally to several key developments. The improving regulatory landscape, particularly following Ripple’s legal resolutions, has opened doors for institutional investors previously hesitant to engage with the asset. This clarity has reduced market uncertainty and encouraged broader participation.
Regional adoption trends show particular strength in Asian markets, where Ripple continues to expand its network of partnerships. These developments have contributed to increased transaction volumes and wider market acceptance of XRP as a payment solution.
Price projections from market analysts vary, with conservative estimates targeting $11 and more optimistic forecasts suggesting $35 by 2025. These projections represent potential returns ranging from 432% to 1,277% from current levels, though analysts emphasize the importance of risk management.
Trading desks report growing interest from traditional financial institutions in XRP’s underlying technology. Banks and payment providers are increasingly exploring the potential of blockchain solutions for cross-border transactions, potentially adding to future demand.
Daily chart analysis reveals multiple tests of resistance near $3, with strong buying pressure emerging during pullbacks. The seven-day performance shows an 8% gain as the market consolidates recent advances and builds support at higher levels.
Exchange data indicates improved market depth and liquidity compared to previous rally periods. Professional trading platforms report increased participation from institutional desks and investment funds, suggesting a maturing market structure.
Technical analysis of recent price action shows decreased volatility at higher price levels, potentially indicating market acceptance of the new price range. Support levels have formed above $2.50, with buyers stepping in during minor corrections.
Market makers report balanced order books, suggesting healthy two-way flow in trading activity. This balance indicates sustainable price discovery rather than speculative excess, according to trading desk reports.
Volume analysis reveals consistent institutional-sized orders during Asian trading hours, highlighting the region’s influence on price action. European and American sessions have shown increased retail participation, creating around-the-clock buying pressure.
CoinMarketCap data confirms XRP’s position as the third-largest cryptocurrency by market value. Trading metrics show broad participation across major exchanges, with improved liquidity in both spot and derivatives markets.
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