XRP began the year with a notable upswing amid a cryptocurrency market resurgence, marked by remarkably high trading volumes on the South Korean Upbit exchange.
XRP Volume Growth on Upbit
South Korea’s Upbit crypto exchange recorded over $1.3 billion worth of XRP volume, accounting for 12.13% of XRP's total trading volume in the last 24 hours. Analysts suggest Upbit could further propel XRP's price rally, given its popularity in South Korea. Comparatively, Binance's XRP/USDT and XRP/USDC trading pairs accounted for 10.56% and 1.55% respectively, cumulatively falling short of Upbit's total.
Impact on XRP Price
The increased trading activity pushed XRP's price to $2.40, reflecting a 12.70% rise. Trading volume surged by 146.95%, reaching $11 billion as investors showed a strong demand for the altcoin.
Future XRP Rally Prospects
Analysts note that XRP is rebounding effectively, and if momentum continues, it may reach its previous December high of $2.62. Previously, XRP hit $2.43 but faced resistance. Increasing trading volume and price adoption signal positive outlooks for investors.
Entering 2025, XRP is on a notable rise, surpassing other major crypto assets. The heightened investor interest might signal the onset of its next rally.
