[XRP trading volume surges by 112%, dominating the Korean market]
Trading volume for XRP, the seventh-largest cryptocurrency by market capitalization, surged 115% in the past 24 hours to $1.83 billion, according to CoinMarketCap. This reflects active trading between buyers and sellers.
XRP has also performed well on the South Korean exchange market, becoming one of the most traded cryptocurrencies in the region, even surpassing Bitcoin and Ethereum. XRP is the most traded asset on Upbit, South Korea’s largest exchange. South Korean traders are known for reacting quickly to market trends, so XRP’s popularity continues to grow.
Additionally, crypto asset manager Grayscale Investments announced the launch of the Grayscale XRP Trust, news that pushed XRP prices up by around 10%. XRP reached a high of $0.588 and is now quoted at $0.563, with a market capitalization of $31.77 billion. The trust is designed to provide investment opportunities in XRP to accredited investors.
