XRP Trading Volume Hits $1.3 Billion on South Korea’s Upbit, Fuels Bullish Momentum

XRP records a trading volume of $1.3 billion on South Korea’s Upbit, driving bullish sentiment and a price rally toward its December all-time high of $2.62.

XRP Volume Soars on South Korea’s Upbit Exchange

XRP has begun the year with significant momentum, reflecting broader market optimism. The cryptocurrency witnessed an impressive $1.3 billion trading volume on South Korea’s largest exchange, Upbit, over the past 24 hours. According to CoinMarketCap, this accounts for 12.13% of XRP’s global trading volume during the same period.

Upbit Outpaces Binance in XRP Volume

Upbit has emerged as a key player in XRP’s trading activity, surpassing Binance in transaction volume. While Binance’s XRP/USDT and XRP/USDC pairs collectively accounted for 12.11% of XRP’s trading volume, Upbit edged ahead with a 12.13% share. Analysts attribute this to South Korea’s strong affinity for XRP, which has become a favored asset among local traders.

XRP Price Rally Gains Traction

Bolstered by its adoption and robust trading activity, XRP’s price has climbed to $2.40, marking a 12.70% increase over the past day. Investors have driven the combined trading volume up by 146.95% to $11 billion. At one point, XRP touched $2.43 before encountering resistance, leaving it just 23 cents shy of its December all-time high (ATH) of $2.62.

Analysts See Potential for Further Gains

Market analysts are optimistic about XRP’s trajectory. They note that if the asset maintains its current momentum, it could soon challenge its December ATH. The rally underscores XRP’s resilience and its increasing adoption across global markets, particularly in South Korea, where it remains a top choice for investors.

Looking Ahead

The significant trading activity on Upbit and sustained price rally suggest a promising start for XRP in 2025. With the asset nearing critical resistance levels, all eyes remain on whether it can break past its ATH and extend its bullish streak.

Our creator. creates amazing NFT collections! 
Support the editors - Bitcoin_Man (ETH) / Bitcoin_Man (TON)

Pi Network (Guide)is a new digital currency developed by Stanford PhDs with over 55 million participants worldwide. To get your Pi, follow this link https://minepi.com/Tsybko and use my username (Tsybko) as the invite code.

Binance: Use this link to sign up and get $100 free and 10% off your first months Binance Futures fees (Terms and Conditions).

Bitget: Use this link Use the Rewards Center and win up to 5027 USDT!(Review)

Bybit: Use this link (all possible discounts on commissions and bonuses up to $30,030 included) If you register through the application, then at the time of registration simply enter in the reference: WB8XZ4 - (manual)