XRP is leading the South Korean market among other cryptocurrencies, ahead of bitcoin and Dogecoin in this segment.
The past few months have been exciting for #XRP investors, and the excitement shows no signs of abating.
Especially in South Korea, XRP has been hitting the headlines thanks to its impressive market performance.
recently, Jaime Rogozinski, founder of WallStreetBets, noted this trend and emphasized the growing influence of XRP in the region.
Jan. 2. In a post on X (formerly Twitter), Rogozinski emphasized that XRP is dominating other #cryptocurrencies in South Korea, especially #bitcoin and DojiCoin.
He stressed that the Ripple Labs-linked asset has attracted significant market attention and is strengthening its position in the East Asian market.
According to CoinMarketCap, XRP has overtaken bitcoin in terms of trading volume on Upbit, a leading South Korean exchange.
In the last 24 hours alone, XRP's trading volume totaled more than $606 million, almost three times more than bitcoin's $246 million, followed by #Dogecoin with a trading volume of about $210 million. Bithumb, Coinone, Korbit Other prominent exchanges such as Bithumb, Coinone and Korbit have shown a similar pattern, reflecting the growing interest in XRP among South Korean retail investors who are known to drive the cryptocurrency's surge.
This surge in trading activity coincides with the recent rebound in the price of XRP.
BREAK Over the past week, XRP has become one of the top 10 cryptocurrencies in terms of market capitalization, rising 24% from a recent low of just under $2 to a high of around $BTC This upward trajectory has sparked discussion about the possible end of a long correction. Some analysts, including well-known commentator Dark Defender, believe that XRP's nearly month-long correction from its seven-year peak of $2.9 may be over.
Dark Defender has set ambitious targets for XRP with a range of $ 4.11 to $ 5.85.
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