In the ever-evolving world of cryptocurrencies, XRP, the native token of Ripple Labs, has emerged as a standout performer. It is not only surpassing major assets like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) in terms of price rallies but also in trading volumes. This surge in activity highlights XRP’s growing influence and popularity in the digital currency market.
XRP Outshines BTC and ETH in South Korea
Recently, Jaime Rogozinski, the founder of the well-known WallStreetBets community, took to social media platform X (formerly known as Twitter) to share insights about XRP’s dominance on South Korean crypto exchanges. According to Rogozinski, XRP continues to overshadow other major assets, capturing significant attention and trading interest in this region.
The post coincides with XRP’s price showing signs of a potential reversal after a period of bullish price action. This has been accompanied by a noticeable consolidation phase and a remarkable surge in XRP trading volume across South Korean exchanges over the past 24 hours. The enthusiasm from traders and investors doesn’t seem to be waning, particularly in South Korea, where the altcoin is outperforming both BTC and DOGE.
Data from CoinMarketCap underscores this trend, revealing that XRP’s trading volume on Upbit is three times that of Bitcoin. Over the past 24 hours, XRP recorded a trading volume of over $620 million, compared to Bitcoin’s $276 million. Meanwhile, Dogecoin (DOGE) saw a trading volume of approximately $221 million. This trend isn’t exclusive to Upbit; similar patterns have been observed on other prominent exchanges like Bithumb, Coinone, and Korbit.
XRP Price Prediction for 2025
Examining these trends in South Korea, analysts have ventured bold predictions for XRP’s future. They propose that XRP could soon reach price points of $4.11 and $5.85, with a potential target of $8 by 2025, assuming the cryptocurrency market’s total value approaches a $5 trillion market cap. Such projections highlight the optimism surrounding XRP’s future performance in the market.
As of the latest update, XRP is trading near $2.41, reflecting a modest price increase of 1.25% in the past 24 hours. However, during the same timeframe, the overall trading volume has decreased by 43%, indicating reduced participation compared to previous days. This decline in volume might be attributed to circulating rumors about a health crisis in China, which could be impacting investor sentiment and activity.
