- XRP hovers near $2 as futures dominate with $3.7B OI and $5.7B daily volume.
- The key support at $1.94 is the line that determines whether XRP can rebound toward $2.50.
- Trend remains weak with fading momentum, but $1.94 has held multiple times and remains the critical decision point.
XRP spent December 10 trading in this strangely calm but active pocket, hovering right around the $2 mark while both spot and futures markets showed steady participation. There wasn’t panic, no sudden spikes, just this controlled back-and-forth that suggested traders were engaged but not overreacting. Futures venues stayed busy, open interest stayed high, and XRPL’s on-chain perp activity helped keep things stable through the entire session.
It’s the kind of tape where nothing looks dramatic on the surface, but underneath, positioning is happening — quietly, steadily — on both sides.
Is XRP Showing Real Strength Around $2.11?
According to CoinGecko, XRP trades around $2.11, up roughly +0.9% in the past 24 hours. It moved between $2.05 and $2.17 — a tight range, but with $3.71B in spot volume and a market cap near $127B, the activity is far from weak.
CoinGlass recorded $3.73B in open interest and $5.76B in futures volume over the past day, compared to about $1.14Bin spot turnover. That gap tells a pretty clear story: futures traders are still dominating short-term direction. The market is letting derivatives shape momentum while spot trading simply follows along.
DeFiLlama data adds another layer — ~$37.5B in 24-hour perp DEX volume and $15.2B in on-chain OI. That’s a lot of synthetic exposure happening away from big centralized exchanges.
Meanwhile, XRPL handled only about $5.32M in DEX volume, and fees stayed low. Basically, most XRP trading still happens off-chain and off-ledger, which isn’t new, but it matters when trying to understand what’s pushing price around.
XRP Price Prediction: Why $1.94 Matters More Than Anything Else Right Now
XRP has been stuck in a big range lately — roughly $2.05 to $2.25 — after sliding down from $2.60 earlier in November. Now it’s drifting back toward the lower end of that structure. Analyst Ali Martinez highlighted one level that stands out above everything else: $1.94.
That line is more than just a support zone — it’s the floor XRP has bounced from several times over the past year. Martinez called it “the support XRP must hold to set up a rebound toward $2.50,” and the chart agrees. If price holds the zone, a move back toward $2.30 and then $2.50 stays in play.
But the trend isn’t exactly glowing. XRP keeps printing lower highs, and momentum has been fading — not violently, but steadily. Sellers aren’t stepping back yet, which means any bullish reaction from $1.94 has to be convincing.
A clean breakdown under that level opens the door to deeper downside, likely pushing XRP out of its recovery track entirely. For now, though, traders are simply watching whether the $1.94 support can survive another test.
