- XRP has surged to $2.40 following a record-breaking $1.3 billion trading volume on South Korea’s Upbit exchange, which accounted for 12.13% of global XRP trades and outperformed Binance’s XRP pairs.
- Analysts are optimistic about XRP’s potential to surpass its December all-time high of $2.62 as adoption and investor confidence grow.
XRP has started 2025 on a bullish note, drawing significant attention from investors and crypto enthusiasts worldwide. The cryptocurrency’s massive price rebound has been fueled by a record-breaking $1.3 billion trading volume on South Korea’s leading crypto exchange, Upbit, marking a major milestone in XRP’s ongoing rally.
Upbit Dominates XRP Trading Volume
The latest data from CoinMarketCap reveals that Upbit accounted for a staggering $1.337 billion in XRP trades over a 24-hour period. This represents 12.13% of the global XRP trading volume, surpassing the combined contributions of Binance’s XRP/USDT and XRP/USDC pairs, which stood at 12.11%.
This dominance highlights the strong preference for XRP among South Korean investors, positioning Upbit as a key driver of the asset’s current price rally. As of now, XRP is trading at $2.40, reflecting a 12.70% increase. The broader market has also seen a surge, with XRP’s combined trading volume rising by an impressive 146.95% to $11 billion.
Momentum Builds for XRP Price Rally
Analysts are optimistic about XRP’s trajectory. The asset has shown resilience, rebounding to $2.40 and coming within striking distance of its December all-time high (ATH) of $2.62. Early trading sessions saw XRP reach $2.43 before encountering resistance.
If the current momentum continues, XRP could surpass its ATH, driven by increasing adoption and investor confidence. With its robust performance, XRP has outshined major cryptocurrencies like Bitcoin and Ethereum, signaling a potential second wave of rallies for the altcoin.
What’s Next for XRP?
The massive adoption and trading activity suggest that XRP is well-positioned for further gains. Market observers believe that Upbit’s influence and the broader cryptocurrency market’s rebound could push XRP to new heights in the coming months.
This unprecedented trading volume underscores XRP’s growing appeal as a leading digital asset. With 2025 off to a roaring start, all eyes are on XRP to see if it can sustain its upward momentum and achieve new milestones.
