The post XRP jumps 10% to $2.3 as 2025 kicks off appeared on BitcoinEthereumNews.com.

Key Takeaways XRP surged 10% to $2.3 on the first trading day of 2025. XRP dominated trading volumes over Bitcoin and Ethereum in South Korea. XRP has kicked off the new year with a strong performance, surging 10% in the last 24 hours and reclaiming the $2.30 mark last seen on December 26, according to CoinGecko data. The rally comes at a time when most major crypto assets remain relatively flat. Bitcoin currently trades around $94,000 with minimal movement, while other leading crypto assets like Ethereum, Binance Coin, and Solana show little price action. In contrast, established altcoins including Tokenize Xchange (TKX), Stellar (XLM), Fantom (FTM), and Algorand (ALGO) have posted double-digit gains in the past 24 hours. Some major crypto assets by market cap like Hedera (HBAR) and Cardano (ADA) have also seen significant increases. The AI16Z token, which recently became the first AI coin on the Solana blockchain to achieve a $2 billion market cap, is extending its gains. Currently trading above $2, the token has risen 21% in the past 24 hours, placing it among the top daily gainers. XRP trading volumes surge in South Korea In South Korea, XRP trading volumes have surpassed both Bitcoin and Ethereum across the country’s major exchanges. Combined trading volume against the won on Upbit, Bithumb, and Korbit exceeded $1 billion in the past 24 hours, with XRP recording $254 million on Bithumb and $761 million on Upbit. XRP trading volumes on Upbit High trading volume indicates greater market interest in the asset, suggesting that many investors are actively buying and selling. Changes in trading volume can signal potential trend reversals or continuations. High trading volumes can also lead to increased volatility in the market, as large orders can impact prices. The volume surge comes amid political developments in South Korea,…

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Filed under: News - @ January 1, 2025 8:16 pm