XRP has made headlines with an impressive price surge driven by strong buying pressure on Coinbase and massive trading volume in Korea. While Coinbase whales seem to be leading the way, the influence of Korean exchanges like Binance and Upbit cannot be overlooked.
This unique global battle leaves investors wondering: Where will XRP go next? Is this the beginning of an even larger price surge, or will market momentum bring a twist to the story? Let’s dive deeper into the key trends and what they mean for XRP price predictions.
How has XRP's price changed recently?
XRP is currently priced at $2.65, with a 24-hour trading volume of $64.75 billion, a market capitalization of $151.40 billion, and a market dominance rate of 4.22%. In the past 24 hours, its price has slightly decreased by 0.91%.
XRP's all-time high was $3.92 on January 4, 2018, while the all-time low was $0.002802 on July 7, 2014. After its ATH, XRP hit a cycle low of $0.113268, with the highest recovery since then reaching $2.89. Despite recent volatility, market sentiment towards XRP remains optimistic, supported by a Fear & Greed Index score of 78, indicating Extreme Greed.
Currently, the circulating supply of XRP is 57.05 billion tokens out of a maximum total of 100 billion tokens. The annual inflation rate is 5.87%, with 3.16 billion XRP added to circulation over the past year.
Korean traders and Coinbase whales are the main drivers behind the 400% increase in XRP prices.
According to CoinDesk, the recent price increase of 400% for XRP, reaching $2.60, clearly reflects dynamic market forces, with both Korean and U.S. investors playing significant roles. Korean exchanges, particularly Upbit, have demonstrated dominance in significant trading volume, with XRP/KRW accounting for 26% of total activity, equivalent to $7.63 billion in the past 24 hours.
This highlights strong demand for XRP among Korean traders. However, activity on U.S. exchanges, particularly Coinbase, has created a unique dynamic, with XRP/USD trading volume exceeding $1.7 billion and consistently showing a premium of 3% to 13% compared to Binance's XRP/USDT pair.
This Coinbase premium signals significant whale activity, as noted by CryptoQuant CEO Ki Young Ju. Such activity indicates that institutions and high-net-worth investors see the long-term potential of XRP, partly due to narratives surrounding increased cryptocurrency adoption supported by potential favorable U.S. policies.
Supporters believe that if legal barriers are eased, XRP could position itself as a 'bridge currency' in international financial systems, facilitating seamless foreign exchange flows—a use case with potentially scalable and significant impact.
XRP Price Prediction: Can XRP Increase by Another 400%?
The potential for XRP to increase by another 400% depends on several converging favorable factors. The so-called 'Coinbase premium' and booming U.S. exchange activity reflect growing institutional interest, likely driven by expectations of regulatory clarity and broader adoption under a 'crypto-friendly' stance during the Trump era. If XRP captures attention among financial institutions as a bridge currency, its utility and demand could skyrocket, supporting another significant price surge.
However, the sustainability of the price surge faces challenges. The dominance of Korean trading volume, while positive, also creates a certain level of volatility, as local market enthusiasm can quickly change. Additionally, XRP's recent overbought condition and the annual inflation rate of 5.87% may lead to profit-taking pressure and supply in the short term.
Meanwhile, XRP has a solid foundation for further growth, bolstered by strong trading activity, whale interest, and compelling use cases. While the path to another 400% surge will depend on regulatory clarity and sustainable global demand, XRP's momentum positions it as a strong candidate for continued price appreciation.
