XRP traders eye $1.5 as Ripple-linked token tops bitcoin (BTC) volumes in Korea
CoinDesk
XRP trading volume has surpassed Bitcoin and Ether on major South Korean exchanges, signaling potential volatility.Summary
XRP has become the most traded pair on Upbit and the second most traded on Bithumb, outperforming Bitcoin and Ether in trading volume within the South Korean market. This surge in volume is a significant signal, as Korean traders have historically driven XRP volatility during periods of high speculative interest.
While the token's price has remained relatively stable, trading between $1.44 and $1.45, it faces heavy resistance at the $1.49 to $1.50 zone. Analysts suggest that if sellers are absorbed at this level, a sustained breakout could occur. This concentrated interest in XRP comes despite recent volatility in South Korea's local stock market, indicating a targeted move by traders toward high-beta crypto assets.
(Source：CoinDesk)