- XRP transaction volume surpassed $7 billion at the start of 2025, marking one of the highest surges in recent weeks.
- They found that South Korean exchanges account for a large proportion of XRP trading volume and frequently cause fluctuations that tend to be upward.
- XRP hit a high of $2.5 on January 4 with $2.40 traded currently as the market begins to pull back given the recent rally.
XRP, the fourth digital currency based on market capitalization, started 2025 with a great rush of transaction count. As per the analysis of the crypto analyst Ali Martinez, the transaction value of XRP crossed $7 billion at the beginning of the year. The graphic posted by the analyst emphasized this phenomenon as one of the largest spikes for the cryptocurrency observed in the past few weeks.
The general cryptocurrency trade exhibited a renewed interest when the year began, and this boosted the trading in XRP. This feeling has probably helped to extend holdings and thus the amount of transactions realized.
More than any other exchange, South Korean exchanges – partly spearheaded by Upbit – really put their weight behind XRP and drove up their trading volume accordingly. Once, it was reported that 1.3 billion dollars worth of XRP was processed on this system. Historically, South Korean trading activities have triggered significant price volatility, often tilting the bias upward.
The Price Pattern of XRP and Other Significant Levels
Since 12/31 XRP had a four-day advance to $2.5 on 1/4 with a minor pullback since. Today, XRP is at $2.40 after a 1.97% decline over the last 24 hours. This has revealed moderate profit-taking across the entire market following the initial move.
XRP appeared in the symmetrical triangle chart formation and the major support level of $2.24. If the price goes below this level, the cryptocurrency may remain in consolidation. But, a move above the $2.5 level could open up the way for an even higher level of $2.72 or $3.
XRP was able to further its growth to $2.9 by the end of the year, 2024. Its beginning to year 2025 also follows this trend of performance with a 10% growth within the past week. XRP price, therefore, once again becomes a point of interest concerning market behavior once market fluctuations cease.
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The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.