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XRP Price Prediction: Surges to $1.2B Volume in Korea, But Slides Below $2.50 Support
By: fxleaders|2025/05/15 20:15:05
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XRP is on fire in Korean crypto markets. The token took the top spot on both Upbit and Bithumb, with a combined 24 hour trading volume of over $1.2 billion. On Upbit, XRP made up 14.84% of total volume, beating out Ethereum , Bitcoin and Tether. Bithumb showed a similar story, with XRP pulling in $151.6 million in trades—twice Bitcoin’s daily volume. This looks retail driven, after a quick move from $2.14 to $2.48. Adding fuel to the fire, XRP futures open interest jumped 41.6% this week to $3.42 billion. Liquidity data shows strong demand: Upbit’s bid depth (+2%) is $929,000, ask depth (-2%) is $3.72 million. Bithumb’s numbers are similar, with a concentration of activity in XRP not seen in other major altcoins. Market Cap and Liquidity Dominance XRP also passed a milestone, surpassing Tether to become the 3rd largest cryptocurrency by market cap. As of today, it’s 4.47% of the total crypto market, with a live cap of $144.8 billion. Supply is 58.5 billion, max supply 100 billion. This is not just reshaping Korean spot markets, but also global derivative positioning. Traders are rotating into XRP exposure as the token is showing more resilience than peers during the latest market pullback. XRP/USD Technical Setup Warns of Short Term Caution Technically, XRP/USD has broken below the ascending trendline and the 50 hour EMA at $2.5286. Price is now at $2.48, below the $2.50 resistance zone and recent support. Unless bulls get back above $2.57, downside is in play. MACD momentum confirms bearish divergence, and unless a bullish reversal forms, the pair may test $2.42 soon. A close above $2.57 would invalidate this setup.
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