XRP Price Surge Possibly Driven by South Korean Buyers Amid Mixed Global Trading Activity
2025-07-15 03:10:28
Main Idea
XRP's recent price surge is primarily driven by strong buying pressure from South Korean traders on Upbit, while Binance experienced net selling, highlighting divergent global trading dynamics.
Key Points
1. Upbit, South Korea's leading cryptocurrency exchange, accounted for approximately 70% of global net buy volume for XRP, pushing its price toward $3 before stabilizing around $2.79.
2. Binance, the largest global crypto exchange, recorded net selling of XRP during the same period, contrasting with Upbit's buying momentum.
3. South Korea's altcoin trading dominance, with altcoins making up nearly 90% of local exchange volume, played a key role in XRP's rally.
4. Technical analysts note XRP's price consolidation near $2.79 after its sharp rally, with potential for future movement.
5. The fragmented nature of crypto markets is evident, as regional trends (e.g., South Korea's demand) can diverge significantly from global trading patterns.
Description
XRP’s recent surge in price was predominantly fueled by intense buying activity from South Korean traders, with Upbit leading the charge by accounting for 70% of the global net buy
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