XRP, the native token of Ripple Labs, has been making significant waves in the cryptocurrency market, standing out not just for its price rallies but also its impressive trading volumes. While many traders often focus on major assets such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), XRP is quietly leading the charge, particularly in South Korea. Recently, Jaime Rogozinski, the founder of WallStreetBets, highlighted this trend on X (formerly known as Twitter), noting XRP’s substantial presence on South Korean crypto exchanges compared to other significant digital assets.
XRP Outshines BTC and ETH in South Korea
The spotlight on XRP is not without reason. The token’s price has shown signs of a possible reversal after experiencing a breakout in bullish price action. This was followed by a prolonged phase of consolidation and a remarkable surge in trading volume across various South Korean exchanges within the last 24 hours. Traders and investors have maintained their enthusiasm for XRP, especially in South Korea, allowing it to surpass both Bitcoin and Dogecoin (DOGE) in terms of popularity and trading volume in this East Asian market.
According to data from CoinMarketCap, XRP’s trading volume on Upbit—a leading South Korean exchange—has reached over $620 million, which is more than triple that of Bitcoin’s $276 million within the same timeframe. Dogecoin, on the other hand, saw a trading volume of about $221 million. These trends are not isolated to Upbit; similar patterns have been observed on other major exchanges such as Bithumb, Coinone, and Korbit.
XRP Price Prediction for 2025
Given these trading dynamics in South Korea, analysts are optimistic about XRP’s potential future performance. Some experts have boldly projected that XRP could soon hit price points of $4.11 and $5.85 in the near term. Looking further ahead, if the cryptocurrency market achieves a $5 trillion market capitalization, XRP might even reach $8 by 2025.
As of the latest updates, XRP is trading around $2.41, reflecting a 1.25% price increase over the past 24 hours. However, during the same period, a notable decrease in overall trading volume by 43% was observed, indicating some reduction in market participation compared to previous days. This decline could potentially be attributed to rumors of a health crisis in China, which might have influenced market sentiments.
