XRP's transaction volume soared past $7 billion at the start of 2025, indicating a robust market entry.
XRP reached a peak of $2.5 on January 4, continuing its upward trend from a strong finish in 2024.
South Korean exchange Upbit fueled XRP's early 2025 surge with $1.3 billion in trading volumes.
XRP, now ranked 4th by market capitalization, started 2025 strong, experiencing an increase in transaction volume. Crypto analyst Ali Martinez shared data showing that at the beginning of the year, XRP had its transaction volume over $7 billion, which is one of its biggest growths in recent weeks. This increase was coupled with the generally upbeat outlook in the rest of the cryptocurrency market.
https://twitter.com/ali_charts/status/1875634808195576274
The positive market sentiment around XRP appears to be a key factor in this surge. As the crypto market shows signs of recovery, investors ramp up their XRP transactions, contributing to the increased volume.
Korean Exchanges Fuel High Trading Activity
South Korean exchanges, particularly Upbit, played a prominent role in driving XRP's transaction and trading volumes. During the first week of 2025, Upbit recorded $1.3 billion in XRP trading volume, underscoring the region's impact on the asset's market dynamics. Historically, such activity on Korean platforms often signals potential price volatility for XRP, frequently skewing toward an upward trajectory.
The cryptocurrency experienced a rally beginning December 31, 2024, culminating in a high of $2.5 on January 4, 2025, before facing resistance. Following this peak, XRP retraced slightly, reflecting market-wide profit-taking after the early-year gains.
Price Analysis: Symmetrical Triangle in Focus
XRP traded at $2.40 at press time, marking a 1.97% decline over the past 24 hours. Technical analysis shows XRP forming a symmetrical triangle pattern, with $2.24 identified as a key support level. A break below this threshold may result in range-bound trading in the near term.
Conversely, a decisive break above the triangle could signal the beginning of another upward move. If XRP surpasses the $2.5 resistance level, traders may watch for further gains toward $2.72 and potentially $3.
Market Sentiment Remains Positive for XRP in 2025
XRP began the year 2025 after a solid market performance. Despite minor setbacks, the asset has appreciated by 10% over the past week, implying more positive investor sentiments. Moreover, in December 2024, XRP had a high of $2.9.
While near-term resistance may limit immediate upward momentum, the broader market's recovery and sustained interest in XRP point to a potentially positive outlook for the year ahead.
The post XRP Begins 2025 with Record Transaction Volume Over $7 Billion appeared first on Crypto News Land.
