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XRP Price Forecast: Will Heavy Futures Activity Help XRP Maintain Its Range Above $2?

XRP holds above $2 with steady futures activity on both sides of the market.

Ripple’s XRP traded in a calm but active range on December 10, staying close to the $2 level across global spot and futures markets. The token held its ground as derivatives venues showed firm participation, and open interest remained high.

Market data points to steady demand from futures traders. XRPL on-chain activity also shows active perp flows, which helped keep the price stable through the session.

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Is XRP’s 24-Hour Price Action Showing Real Strength Near $2.11?

According to CoinGecko, XRP trades around $2.11, up about +0.9% in the past 24 hours. It moved between $2.05 and $2.17, with $3.71Bn in spot volume and a market cap near $127Bn.

CoinGlass data shows $3.73Bn in open interest and $5.76Bn in futures volume over the past day, compared with $1.14Bn in spot turnover. 

XRP trades near $2 with strong futures activity, high open interest, and key support at $1.94 shaping direction.XRP trades near $2 with strong futures activity, high open interest, and key support at $1.94 shaping direction.
(Source: Coinglass)

That gap shows that futures markets continue to play the central role in setting XRP’s short-term direction.

Data from DeFiLlama shows about $37.5Bn in 24-hour perp DEX volume and around $15.2Bn in on-chain open interest.

XRP trades near $2 with strong futures activity, high open interest, and key support at $1.94 shaping direction.XRP trades near $2 with strong futures activity, high open interest, and key support at $1.94 shaping direction.
(Source: DefiLama)

It points to steady demand for synthetic exposure outside major centralized exchanges.

The ledger handled roughly $5.32M in DEX volume over the past day, and fees stayed low. It’s a sign that most XRP trading still takes place on centralized platforms rather than on-chain.

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XRP Price Prediction: Why Is the $1.94 Level So Critical for XRP Right Now?

XRP is closing in on a key support level that could shape its next move. The token has spent the past few weeks stuck in a wide range between about $2.05 and $2.25 after sliding from the $2.60 area earlier in November.

A daily chart shared by analyst Ali Martinez shows XRP drifting back to the lower end of that range. The price now sits just above a critical line on the chart.

That line is $1.94 a level, Martinez called “the support XRP must hold to set up a rebound toward $2.50.” His view matches the chart’s pattern. 

XRP has bounced off this zone several times over the past year, which makes it a reliable floor and a point traders are watching closely.

XRP needs to hold the $1.94 area to stay in the recovery lane. Martinez’s chart shows a possible move back toward $2.30 and then the $2.50 zone if this support holds. 

That level sits at the center of XRP’s wider multi-month range and matches the breakdown area from August and September. But the trend is still weak. XRP keeps printing lower highs, and momentum has been fading, which suggests sellers are not stepping back yet. 

A clear move under $1.94 would point to more downside. For now, the market is watching whether this support can survive the pressure.

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jrmiller

Jonathan R. Miller is a junior writer based in Columbus, Ohio, with a growing focus on blockchain technology, digital assets, and fintech innovation. With a background in economics and communications, Jonathan began covering cryptocurrency in 2022 through freelance research projects…
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