XRP, Ripple Labs’ native token, appears to be leading and outperforming major assets such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), not only in terms of price appreciation, but also in trading volume. Recently, Jaime Rogozinski, the founder of WallStreetBets, posted on X (formerly Twitter) that XRP continues to dominate South Korean crypto exchanges compared to other major assets.
XRP surpasses BTC and ETH in South Korea
However, Rogozinski’s post comes at a time when the price of
$XRP is stealing the spotlight from Bitcoin and Dogecoin in South Korea
— wallstreetbets (@wallstreetbets) January 2, 2025
He further added that the buzz and interest from traders and investors doesn’t seem to be waning, especially in South Korea, leading to the altcoin surpassing BTC and DOGE in the East Asian country.
Data from CoinMarketCap shows that XRP trading volume on Upbit is three times that of Bitcoin, at over $620 million compared to $276 million in the last 24 hours. Meanwhile, Dogecoin (DOGE) recorded a trading volume of approximately $221 million.
This trend was not limited to Upbit, but similar patterns were observed on other leading exchanges such as Bithumb, Coinone and Korbit.
XRP Price Prediction for 2025
Analyzing these trends in South Korea, the analyst made a bold prediction that reaches.
At the time of writing, XRP is trading around $2.41, having risen 1.25% in the last 24 hours. However, during the same period, total trading volume fell by 43%, indicating lower participation compared to previous days.
A possible reason for this volume drop could be rumors of a health crisis in China.