
After dipping to a low of $1.96, XRP has made a strong comeback, gaining more than 4% in the last 24 hours. The price has jumped above the $2.11 mark and is now aiming to break higher levels.
This rebound signals renewed bullish momentum, with traders watching closely to see if XRP can maintain this upward trend and target new resistance levels. The marketโs positive sentiment is fueled by growing interest in XRP, especially in regions like South Korea, where it continues to dominate trading volumes.
Has XRP Outpaced BTC And ETH?
XRP is one of the top-traded cryptocurrencies in South Korea, especially on Upbit, the countryโs leading exchange. According to Kaiko Research, XRP-KRW has held the top spot for trading volume 70 times this year, even outpacing Bitcoin (BTC) and Ethereum (ETH) in popularity.
Unlike global markets where BTC and ETH dominate, South Koreaโs crypto scene is more diverse, with altcoins like XRP, STX, DOGE, and SOL frequently topping trading charts. XRPโs strong demand reflects its active community and liquidity in the region.
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โUpbit, on the other hand, has had more than 40 different instruments grab the top spot on at least one day. XRP-KRW has the most days on top at 70, followed by BTC-KRW at 64. After that, itโs chaotic. Tokens like T (yes, just T), HIVE, PUNDIX, and STEEM have all spent at least a day at the top,โ a research by Kaiko said.
South Koreaโs strict crypto regulations, requiring exchanges to register with the Financial Intelligence Unit (FIU), have helped create a stable trading environment. Despite global attention often focusing on the U.S. or Europe, South Koreaโs vibrant crypto marketโespecially XRPโs performanceโshows just how dynamic and unique it truly is.