Current XRP Market Performance
The XRP (XRP/USD) market shows active trading across multiple global exchanges, with Binance leading in liquidity. As of the latest data:
| Pair | Exchange | Price | 24h Change | 24h Volume | Technical Rating |
|---|---|---|---|---|---|
| XRP/USDT Perpetual | Binance | $2.2290 | -1.19% | $1.47B | Buy |
| XRP/USD | Coinbase | $2.2313 | -1.16% | $144.88M | Buy |
| XRP/KRW | UpBit | ₩3,044.0 | -0.69% | $197.61M | Neutral |
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Key Market Trends
- Liquidity Leaders: Binance dominates XRP trading with perpetual contracts accounting for 63% of total volume.
- Price Stability: XRP maintains a tight 2.7% trading range ($2.2061-$2.2670) despite broader crypto market volatility.
- Regional Demand: Korean exchanges (UpBit, Bithumb) show 28% higher relative volume compared to USD pairs.
Exchange-Specific Analysis
Top 5 Exchanges by XRP Volume
Binance
- Perpetual contracts: $2.23 average funding rate
- Spot trading fee: 0.1% (0.075% with BNB discount)
Coinbase
- Institutional-grade custody
- 0.5% taker fee (lower for high-volume traders)
UpBit
- KRW pairs favored by Korean retail traders
- Requires identity verification
MEXC
- Emerging derivatives market
- 0% spot trading fee promotion
KuCoin
- Popular for altcoin trading pairs
- No mandatory KYC for <2 BTC withdrawals
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Technical Outlook
- Short-term: RSI at 48 suggests neutral momentum
- Key Support: $2.20 (50-day moving average)
- Resistance: $2.27 (January high)
| Metric | Value | Trend |
|----------------|-------------|------------|
| Market Cap | $42.1B | ↑ 3.2% WTD |
| Volatility | 28% (30d) | ↓ from 34% |
| Open Interest | $1.2B | ↔ Steady |Frequently Asked Questions
Which exchange has the cheapest XRP trading?
Binance typically offers the lowest fees (0.075% with BNB discounts), while MEXC currently runs zero-fee spot trading promotions.
How does XRP liquidity compare to other altcoins?
XRP ranks #3 in 24h trading volume ($2.9B) behind Ethereum and Bitcoin, with deeper order books than most top-20 cryptocurrencies.
What's driving XRP's price stability?
Market makers maintain tight spreads (0.01% on major pairs), while institutional custody solutions from Coinbase and Binance reduce volatility.
Note: All data reflects aggregated metrics from TradingView's exchange partners. Prices may vary slightly across platforms.