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XRP started the year with a significant rally amid a broader cryptocurrency market reboot. This price rise comes at a time when XRP is recording massive adoption in different regions globally.
Upbit takes the lead in global XRP trading
South Korea's largest cryptocurrency exchange, Upbit, recorded over $1.3 billion in XRP volume through the exchange. CoinMarketCap Data The figure gives $1.337 billion in the past 24 hours.
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This represents approximately 12.13% of the total XRP trading volume over the past 24 hours. Some analysts see this as an important development for XRP. They believe that Upbit could lead to a new price surge for XRP, given that the asset is Favorite bet In South Korea.
Their prediction lies in how well different cryptocurrency exchanges distribute volume. For example, Upbit outperformed Binance in terms of transaction volume. Binance's XRP/USDT and XRP/USDC recorded 10.56% and 1.55%, respectively. Its cumulative total of 12.11% is slightly less than Upbit's total.
Massive adoption has pushed the price of XRP higher to start 2025 on an upward trajectory. As of this writing, XRP is trading at $2.40, representing an increase of 12.70%, according to the data. Combined trading volume rose 146.95% to $11 billion as investors flocked to altcoins.
The odds of XRP rising for a long time
Analysts say XRP is rebounding nicely, and if the asset maintains momentum, it could retest its December all-time high (ATH) of $2.62. XRP is just 23 cents away from flipping the price level. In previous trading, XRP price crossed $2.43 before seeing resistance.
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However, with increased adoption indicating an increase in price and market size, the price of the asset may also rise.
with XRP We start 2025 on a high note by outperforming other notable crypto assets such as Bitcoin And Ethereum, market watchers see future prospects. They believe that XRP may have begun its second round of anticipated gains.
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