The XRP price has risen by 1% in the last 24 hours to $0.468157, making it the top-performing top-100 cryptocurrency over the last week. XRP has risen by an impressive 20% in the last seven days and by 25% in the last two weeks as the market grows increasingly confident that the Ripple-SEC case will be resolved favorably.
With XRP’s 24-hour trading volume still hovering above $1.5 billion, demand for the coin is still high, pointing to additional rises shortly. This will undoubtedly be the case if Ripple receives a favorable verdict in its case, which could propel XRP beyond $1 and, on the course, to recoup its ATH.
XRP currently accounts for 20% of the trading volume on South Korea’s largest exchange, Upbit, according to CoinMarketCap. With a total turnover of over $1.2 billion on Upbit, XRP earns over $295 million on the Korean exchange. That is over twice as much as Bitcoin (BTC), which comes in second, and nearly 12x times as much as Ethereum.
Source: CoinMarketCap
As AZCoin News reported, since late last week, an anomaly in XRP trading on South Korean crypto platforms has been observed. This began a few days after XRP gained more than 25% in a matter of hours on March 21.
Even though the crypto market as a whole was under pressure at the end of the week, XRP was outperforming it. At the time, it was determined that XRP trades accounted for more than 30% of Upbit and Bithumb activity, which amounted to about $350 million.
XRP, on the other hand, continues to outperform the crypto market. The coin is presently trading at a premium of 5% to ETH and 4.2% to BTC. Despite this, XRP has been the most profitable token over the last seven days, ranking among the top ten and the top hundred most significant by market value.
Read more:
- Pro-Ripple Attorney Predicts Verdict In SEC Lawsuit Coming Soon
- XRP Price Might Also Be Boosted By Broader Crypto Market Sentiment