XRP fell 0.96% on December 24, a decline smaller than BTC and ETH. The current price is $2.07, with a market capitalization of $119 billion, firmly in fifth place. It has shown relatively strong resistance among mainstream cryptocurrencies.

XRP's solid performance may be linked to several factors. First, the lawsuit progress between Ripple and the SEC has been smooth, significantly reducing legal risks. Second, the cross-border payment business continues to advance, expanding practical application scenarios. Third, institutional holdings are relatively concentrated, making it less susceptible to retail investor sentiment.

From a technical perspective, XRP has formed strong support above $2, with multiple retests stabilizing and rebounding. If the overall market strengthens, XRP has the opportunity to challenge previous highs. If it continues to adjust, the area around $2 may serve as a good support level.

It is noteworthy that XRP's trading volume has remained high, indicating strong market participation. This reflects good liquidity and also suggests a high level of speculation, making prices prone to rapid fluctuations.

In terms of coin distribution, XRP's holding addresses are relatively concentrated, with Ripple and its affiliates holding a large amount of XRP. This is a double-edged sword; on one hand, it shows the project team's confidence in long-term holdings, while on the other hand, a massive sell-off could impact the market.

Investing in XRP requires attention to regulatory dynamics and progress in practical applications. If Ripple can secure more partnerships with banks and financial institutions, XRP's value will be supported. However, if it remains merely speculative trading, maintaining the price in the long term will be challenging.