XRP Outperforms BTC and ETH in South Korea
XRP, the native token of Ripple Labs, is making significant strides in the cryptocurrency market, outperforming major digital assets including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). This is evident not only through its price rallies but also its impressive trading volume. Recently, Jaime Rogozinski, the founder of WallStreetBets, highlighted on social media platform X (formerly Twitter) that XRP is leading in trading activity on South Korean crypto exchanges, overshadowing other prominent cryptocurrencies.
The post by Rogozinski coincided with a period where XRP’s price hinted at a possible reversal. Following a bullish price breakout and an extended phase of consolidation, XRP witnessed a notable increase in trading volume across South Korean exchanges in the past 24 hours. The enthusiasm and interest from traders and investors in this region remain robust, with XRP outshining BTC and DOGE in South Korea.
According to data from CoinMarketCap, XRP’s trading volume on Upbit has surged to three times that of Bitcoin, reaching over $620 million compared to Bitcoin’s $276 million within the last 24 hours. Dogecoin (DOGE) also recorded a trading volume of approximately $221 million. This significant trend is not isolated to Upbit but is also observed on other leading exchanges such as Bithumb, Coinone, and Korbit.
XRP Price Prediction for 2025
Considering these prevailing trends in South Korea, analysts are optimistic about XRP’s future performance. One bold prediction indicates that XRP could soon achieve prices of $4.11 and $5.85 in the coming days, with a potential target of $8 by 2025 if the global cryptocurrency market reaches a $5 trillion market cap.
At present, XRP is trading near $2.41, having experienced a price increase of 1.25% over the past 24 hours. However, during the same timeframe, the overall trading volume has decreased by 43%, suggesting reduced market participation compared to previous days. A possible factor contributing to this decline in volume could be emerging rumors of a health crisis in China, which may be impacting market dynamics.
