XRP, the native token of Ripple Labs, is currently surpassing major assets like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) in both price performance and trading volume. Jaime Rogozinski, the founder of WallStreetBets, recently shared on X (previously known as Twitter) that XRP continues to dominate South Korean crypto exchanges compared to other leading assets.
XRP Outshines BTC and ETH in South Korea
Rogozinski’s post coincides with XRP showing signs of a potential reversal after a breakout of bullish price action, a period of consolidation, and a surge in trading volume specifically on South Korean exchanges in the past 24 hours.
$XRP is stealing the spotlight from Bitcoin and Dogecoin in South Korea
— wallstreetbets (@wallstreetbets) January 2, 2025
He also noted that the interest and excitement among traders and investors in South Korea continue to grow, with XRP outperforming BTC and DOGE in the region.
Data from CoinMarketCap indicates that XRP’s trading volume on Upbit is three times higher than Bitcoin’s, reaching over $620 million compared to $276 million in the last 24 hours. Meanwhile, Dogecoin (DOGE) saw a trading volume of around $221 million.
This trend is not exclusive to Upbit, as similar patterns were observed on other top exchanges like Bithumb, Coinone, and Korbit.
XRP Price Prediction for 2025
Based on these trends in South Korea, the analyst boldly predicts that XRP could soon reach $4.11 and $5.85 in the near future, projecting a price of $8 by 2025 if the crypto market hits a $5 trillion market cap.
Currently, XRP is trading close to $2.41, showing a 1.25% price increase in the last 24 hours. However, during the same period, overall trading volume has decreased by 43%, suggesting lower participation compared to previous days.
A possible reason for this drop in volume could be rumors circulating about a health crisis in China.
