XRP’s trading volume in South Korea surpasses Bitcoin, reflecting its growing demand.
CTF rewards program boosts XRP adoption by offering cashback and product redemption.
Political unrest in South Korea caused XRP’s price to drop, but quickly recovered.
XRP is a top performer in South Korea’s crypto market, with its trading volume surpassing Bitcoin’s. This surge coincided with a spike in XRP’s price to $50.17 on a leading South Korean exchange, revealing the token’s growing value.
CryptoTradingFund’s (CTF) rewards have driven this surge in XRP’s trading volume. The program incentivizes users to make payments with XRP. With this program, users can redeem CTF tokens for products or get cash back. The rewards system works with major global merchants, including Amazon, so customers can earn crypto cashback.
XRP and South Korean Politics
However, XRP has been highly sensitive to political developments in South Korea. President Yoon declared martial law, triggering a market sell-off.
Read also : XRP’s South Korea Slump: Political Unrest Sparks Price Crash
XRP’s price on the Upbit exchange dropped by 54%, showing the crypto market volatility…
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