The excitement surrounding XRP continues to grow, particularly as it dominates trading volumes on South Korean cryptocurrency exchanges, signaling a potential price rebound.
Notably, XRP has outperformed major cryptocurrencies like Bitcoin and Dogecoin in trading activity. Jaime Rogozinski, founder of WallStreetBets, recently highlighted this trend on social media, noting that XRP’s trading volume on platforms such as Upbit, Bithumb, Coinone, and Korbit has surged significantly.
For instance, XRP’s trading volume on Upbit reached approximately $577 million, nearly three times that of Bitcoin’s $220 million.
This surge indicates a robust interest in XRP within South Korea’s crypto market, particularly among retail investors. Following a recent decline, XRP has rebounded impressively, climbing 24% from lows below $2 to highs near $2.50.
Analysts are optimistic about XRP’s future, with some suggesting that the correction from its seven-year high of $2.9 may have concluded, paving the way for new price peaks.
Crypto analyst “Dark Defender” has set ambitious targets for XRP, predicting it could reach $4.11 and $5.85 soon. Additionally, Rogozinski has suggested that if the overall crypto market achieves a $5 trillion market cap, XRP could potentially hit $8 by year-end. This growing momentum and retail interest could further elevate XRP’s position in the cryptocurrency landscape.
