XRP Trading Volume Surges 50%, Analyst Warns Against $100 Price Predictions

XRP saw a 50% increase in daily spot trading volume on Dec. 15, influenced by a TD technical indicator signaling a potential short-term rebound.
Despite this activity, XRP remains below the $2 mark, currently trading at approximately $1.99, reflecting a 1.5% decline over the past day.
Analyst Ali Martinez highlights the importance of maintaining the $1.90 support level to potentially reach $2.5. A fall below $1.90 could lead to further losses.
The broader crypto market is under pressure, with Bitcoin and major altcoins experiencing declines, reducing total market cap from $4.28 trillion in October to about $3.06 trillion.
Ripple Labs received a bank charter from the Office of the Comptroller of the Currency, enabling expansion with regulated financial partners.
US spot XRP ETFs continue to attract high demand, recording over $100 million in inflows last week, nearing a total of $1 billion since launch.
Speculations of a near-term XRP surge to $100 are criticized as unrealistic; achieving such a price would require a market cap larger than most global companies.
Some analysts still consider a rally to $10 feasible if conditions become favorable.
XRP's price is about 48% below its all-time high of $3.84 reached eight years ago.