XRP trading volume outpaces Bitcoin and Dogecoin on major South Korean exchanges

XRP's Surge Continues, Dominating South Korean Crypto Market

Amid growing excitement, XRP has emerged as a dominant force in South Korea, leading trading volumes on major cryptocurrency exchanges. This surge signals potential for a significant price recovery.

XRP's trading activity has outpaced major cryptocurrencies like Bitcoin and Dogecoin. Jaime Rogozinski, founder of WallStreetBets, noted the trend on social media, highlighting XRP's impressive volume gains on platforms such as Upbit, Bithumb, Coinone, and Korbit.

For example, on Upbit, XRP's trading volume reached approximately $577 million, dwarfing Bitcoin's $220 million. This robust interest suggests a strong demand for XRP within South Korea's crypto community, particularly among retail investors.

Following a recent decline, XRP has rebounded, rallying from lows below $2 to highs near $2.50, representing a 24% increase. Analysts are optimistic about XRP's prospects, suggesting that the correction from its seven-year high of $2.9 may have concluded, opening the path for new price peaks.

Crypto analyst "Dark Defender" has projected ambitious targets for XRP, predicting potential gains to $4.11 and $5.85. Additionally, Rogozinski has suggested that XRP could reach $8 by the year's end if the overall crypto market achieves a $5 trillion market capitalization.

This growing momentum and retail interest continue to enhance XRP's position as a prominent player in the cryptocurrency ecosystem.