South Korea Drives 22% of Global XRP Trading Volume, Price Hits High of $2.96

• South Korea contributes about 22.39% of XRP’s 24-hour trading volume globally.
• The XRP-KRW pair traded over 484 million XRP within a single 24-hour period.
• Analysts view this signal as a continued strong interest from South Korea’s crypto market.

XRP’s recent price rally has reignited trading momentum, with South Korea emerging as a key market driver. In his X post, analyst Egrag Crypto stated that nearly 22% of trading volume was coming from South Korea. The Korean Won (KRW) emerged as the second-largest fiat currency, with the lead taken over by Tether (USDT, signalling the continued strong interest in XRP from one of Asia’s most active crypto markets.

XRP-KRW Trading Volume Surpasses Expectations

According to the figures, XRP’s 24-hour global trading volume reached 2.1641 billion XRP, with the XRP-KRW pair contributing about 484.46 million XRP, which represented  22.39% of total trading volume. Meanwhile, Tether’s stablecoin accounted for 34.96% or 756.66 million XRP global trading volume while other fiat and crypto currencies such as USD, EUR, and BTC contributed smaller shares.

This strong contribution highlights the country’s signi…

The post South Korea Drives 22% of Global XRP Trading Volume, Price Hits High of $2.96 appeared first on Coin Edition.