* XRP hovers around $2, with futures dominating with an open interest (OI) of $3.7 billion and a daily trading volume of $5.7 billion.
* The key support level at $1.94 is the threshold that determines whether XRP can rebound towards $2.50.
* The trend remains weak with fading momentum, but the $1.94 level has held several times and remains a critical decision point.
XRP spent December 10 trading in this strangely quiet yet active area, hovering around the $2 level while spot and futures markets showed steady participation. There was no panic, no sudden spikes, just controlled trading back and forth indicating that traders are engaged but not overreacting. Futures trading venues remained busy, open interest stayed high, and activity in perpetual contracts on the XRPL helped maintain stability throughout the session.
It is the kind of tape that does not seem dramatic on the surface, but beneath that, positioning is taking place — quietly and steadily — on both sides.
Does XRP show real strength around $2.11?
According to CoinGecko, XRP is trading around $2.11, up about 0.9%+ in the past 24 hours. The coin has moved between $2.05 and $2.17 — a tight range, but with a spot trading volume of $3.71 billion and a market cap nearing $127 billion, activity is far from weak.
CoinGlass recorded $3.73 billion in open interest and $5.76 billion in futures volume over the past day, compared to about $1.14 billion in spot trading volume. This gap tells a very clear story: futures traders are still dominating the short-term trend. The market allows derivatives to form momentum while spot trading simply follows.
DeFiLlama data adds another layer — about $37.5 billion in decentralized perpetual contract (perp DEX) volume over 24 hours and $15.2 billion in on-chain open interest (on-chain OI). This is a significant amount of artificial exposure happening away from major centralized exchanges.
Meanwhile, the XRPL handled only about $5.32 million in decentralized exchange (DEX) trading volume, while fees remained low. Essentially, most XRP trading still occurs off-chain and outside the ledger, which is not new but significant when trying to understand what drives the price.
XRP Price Prediction: Why $1.94 Matters More Than Anything Else Right Now
XRP has recently been stuck in a wide range — around $2.05 to $2.25 — after slipping from $2.60 earlier in November. It is now drifting back toward the lower end of this structure. Analyst Ali Martinez highlighted one level that stands out above all else: $1.94.
This line is more than just a support area — it is the floor from which XRP has bounced several times over the past year. Martinez described it as "the support that XRP needs to hold to set up a rebound towards $2.50," and the chart agrees. If the price holds this area, the move towards $2.30 and then $2.50 remains intact.
But the trend is not entirely bright. XRP continues to print lower highs, and momentum is fading — not violently, but steadily. Sellers have not backed down yet, meaning any bullish reaction from $1.94 needs to be convincing.
A clear breakdown below this level opens the door for further declines and could potentially push XRP off its entire recovery path. However, for now, traders are simply watching if the $1.94 support can survive another test.
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