XRP has kicked off 2025 with a remarkable surge in trading volume, particularly on South Korea’s largest exchange, Upbit, which recorded over $1.3 billion in XRP trades in just 24 hours. This impressive figure exceeds 12% of global XRP trading, indicating strong Market interest. As a result, XRP’s price has risen to around $2.40, marking a 12.70% increase as investor enthusiasm grows. Analysts believe this momentum could help XRP test its previous all-time high of $2.62. With XRP gaining traction and outperforming competitors like Bitcoin and Ethereum, many Market watchers are optimistic about its continued growth in the coming months.
XRP Starts 2025 Strong with $1.3 Billion Volume on Upbit
XRP has kicked off 2025 with impressive momentum, experiencing a sharp rise in its value as the cryptocurrency Market revitalizes. The excitement around XRP stems from its growing adoption across various regions, which has attracted significant trading activity.
Upbit, South Korea’s largest crypto exchange, has been at the forefront of this surge, reporting an astonishing trading volume of over $1.3 billion in XRP within just 24 hours. According to CoinMarketCap data, this amount accounts for approximately 12.13% of all XRP trading volumes worldwide during this period. Many analysts view this as encouraging news for XRP, suggesting that Upbit could be a driving force behind its current price rally.
When comparing trading volumes, Upbit has outperformed competitors like Binance, showcasing its dominance. XRP trading pairs on Binance only contributed 10.56% and 1.55% of the total volume for XRP/USDT and XRP/USDC, respectively. This increased interest from investors has pushed XRP’s price to around $2.40, representing a notable 12.70% increase. Over the last 24 hours, XRP’s total trading volume skyrocketed by 146.95%, reaching $11 billion as investors increasingly flock to this altcoin.
Looking ahead, Market analysts are optimistic about XRP’s potential. If the asset maintains its current trajectory, it could see a retest of its previous all-time high of $2.62. Currently, XRP is just 23 cents short of reaching this milestone. In earlier sessions, XRP even climbed to $2.43 before facing some price resistance.
With ongoing strong adoption and Market activity, there is a growing belief that XRP might be gearing up for further price increases. As XRP begins the year on a high note—outperforming major cryptocurrencies like Bitcoin and Ethereum—investors are optimistic about its prospects for continued rallies in the upcoming months.
Tags: XRP, cryptocurrency, Upbit, trading volume, price rally, Bitcoin, Ethereum
What happened with the XRP volume on the Korean exchange?
Recently, the XRP trading volume on a top Korean exchange reached an impressive $1.3 billion. This high volume surprised many in the crypto community, highlighting increased interest in XRP.
Why is the XRP trading volume significant?
High trading volume often indicates strong Market interest and activity. It can also suggest that traders are confident in XRP’s potential, which may lead to price movements.
Is this volume unusual for XRP?
Yes, while XRP has seen high volumes before, $1.3 billion in a single trading period is notably high. It shows a spike in trading activity that hasn’t been common recently.
What does this mean for XRP’s price?
Increased trading volume can lead to price changes. If more people are buying XRP, it could lead to a price rise. However, Market conditions can vary, so it’s not guaranteed.
Where can I find updates on XRP trading?
You can check various cryptocurrency news websites, social media, or the exchange itself for real-time updates on XRP trading and Market trends.
