Topic: XRP sudden surge in South Korea, indicates political reason (Read 17 times)
XRP was battered by regulatory hurdles & FUD, no thanks to the SEC & US Government. It’s finally beginning to break out of its shackles & enter price discovery. I see a bright future for XRP, we will likely see a big rise in price this year.
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg9-rTcPOmD_gSqac4u-j3GDwpqmceT43WCfAcVHHt7QKV6tDSlk_YwGj641SlbGU8aQ1e42dkNKT0rUVaCQx89TpvZwnbDSGBJQOfPt_-5sGNaMjd08IzHAJYLj86i4DxZToPki-HRIftzeRVK-K0_eALQExj3NIm3L6L4kBaYCYyfyMhxEDngnVucC2eg/w640-h638/Screenshot_19.jpg
XRP trading volumes have increased on South Korea significantly, reported by South Korea's largest cryptocurrency exchanges. It was surpassing the total trading volume Bitcoin (BTC) and Ether (ETH). This surge indicates a growing interest in XRP, which often signals upcoming price volatility. Over the past 24 hours, total trading volume against the South Korean won on UpBit, Bithumb, and Korbit reached over $800 million.
On Bithumb, XRP trading volume exceeded $200 million, while on UpBit, it reached $600 million. In contrast, Bitcoin's trading volumes were less than half of those figures on both exchanges. Other cryptocurrencies like Dogecoin (DOGE) and Ether (ETH) saw even lower trading volumes, just a fraction of the interest shown in XRP.
A significant increase in trading volume is often an early indicator of heightened price volatility. It suggests that traders are anticipating significant market movements and are positioning themselves accordingly. High trading volumes can lead to a price breakout if they reflect strong support or resistance levels. Conversely, they might indicate a price peak or trough, suggesting potential market reversals due to panic selling or aggressive buying.
https://www.cryptocrit.xyz/2025/01/xrp-sudden-surge-in-south-korea.html
XRP trading volumes have increased on South Korea significantly, reported by South Korea's largest cryptocurrency exchanges. It was surpassing the total trading volume Bitcoin (BTC) and Ether (ETH). This surge indicates a growing interest in XRP, which often signals upcoming price volatility. Over the past 24 hours, total trading volume against the South Korean won on UpBit, Bithumb, and Korbit reached over $800 million.
On Bithumb, XRP trading volume exceeded $200 million, while on UpBit, it reached $600 million. In contrast, Bitcoin's trading volumes were less than half of those figures on both exchanges. Other cryptocurrencies like Dogecoin (DOGE) and Ether (ETH) saw even lower trading volumes, just a fraction of the interest shown in XRP.
A significant increase in trading volume is often an early indicator of heightened price volatility. It suggests that traders are anticipating significant market movements and are positioning themselves accordingly. High trading volumes can lead to a price breakout if they reflect strong support or resistance levels. Conversely, they might indicate a price peak or trough, suggesting potential market reversals due to panic selling or aggressive buying.
https://www.cryptocrit.xyz/2025/01/xrp-sudden-surge-in-south-korea.html
Jump to: