The post Can XRP Rally Another 400%? appeared on BitcoinEthereumNews.com.

XRP has been making headlines with its impressive rally, fueled by strong buying pressure on Coinbase and massive trading volumes in Korea. While Coinbase whales seem to be leading the charge, the influence of Korean exchanges like Binance and Upbit can’t be ignored. This unique global tug-of-war has investors wondering: where is XRP headed next? Could this be the start of an even bigger surge, or will market dynamics bring a twist to the story? Let’s dive into the key trends and what they mean for XRP price prediction. How has the XRP Price Moved Recently? XRP/USD Daily Chart- TradingView XRP is currently priced at $2.65, with a 24-hour trading volume of $64.75 billion, a market cap of $151.40 billion, and a market dominance of 4.22%. Over the past 24 hours, its price has dipped slightly by 0.91%. XRP’s all-time high was $3.92 on January 4, 2018, while its all-time low of $0.002802 occurred on July 7, 2014. Following its ATH, XRP hit a cycle low of $0.113268, with its highest recovery since then reaching $2.89. Despite recent fluctuations, market sentiment for XRP remains bullish, supported by a Fear & Greed Index score of 78, signaling Extreme Greed. Currently, XRP’s circulating supply is 57.05 billion tokens out of a maximum of 100 billion. Its yearly inflation rate stands at 5.87%, with 3.16 billion XRP added to circulation in the past year. Korean traders and Coinbase whales are key drivers of XRP’s 400% price surge According to CoinDesk, Tthe recent 400% surge in XRP’s price, reaching $2.60, is a clear reflection of dynamic market forces, with both Korean and U.S. investors playing significant roles. Korean exchanges, particularly Upbit, have demonstrated substantial trading volume dominance, with XRP/KRW accounting for 26% of total activity, equating to a massive $7.63 billion in the last…

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Filed under: News - @ December 4, 2024 2:24 pm