A significant shift is underway in the South Korean cryptocurrency market, where XRP trading volume has dwarfed that of Bitcoin and Ethereum. The XRP price predictions are heating up.
The largest stock exchanges in the country – UpBit, BithumbAnd Korbit – reported a whopping $800 million in XRP trading volume in the last 24 hours.
Alone on UpBit XRP Volumes reached $600 million, while Bithumb recorded over $200 million. For comparison, Bitcoin trading activity on these platforms was less than half that of XRP, with Dogecoin and Ethereum lagging even further behind. XRP price predictions for 2025 are heating up as bull market expectations rise.
South Korean crypto traders are no strangers to driving rallies. They are known for their ability to create strong buying pressure, which often influences token prices worldwide. This year, XRP has conquered the ithe imagination of South Korean investorsthanks in part to local political and global market developments.
XRP activity signals possible price breakout
The increase in on-chain activity increases momentum XRP fire. The average number of transactions per ledger rose steadily throughout December, a sign of strong network engagement. Increased network activity often precedes significant price changes, reflecting increased investor interest and potential institutional participation.
Currently, XRP is trading at around $2.08, which corresponds to a relatively stable position within a defined range. This consolidation suggests a possible breakout, with the 50 EMA at $2.18 serving as a critical support level. If this level holds, XRP could rise and retest its resistance at $2.18. A breakthrough beyond this point could trigger a…
