XRP outperforms other cryptocurrencies on South Korean exchanges in trading volume. A short-term correction on Tuesday led to a slight decline in almost all major cryptocurrencies in the last 24 hours, except for XRP.
On the largest South Korean cryptocurrency exchange, the trading volume of XRP exceeded $1 billion in the last 24 hours, surpassing the combined figures of Bitcoin and Ethereum.
Another four major cryptocurrency exchanges are also showing increased trading activity for XRP.
The renewed interest in XRP in South Korea coincided with an important turning point for the token - Ripple proposed to the U.S. Securities and Exchange Commission to settle the case by paying a $50 million fine.
The agency, in turn, is ready to settle its civil lawsuit against two executives of the organization, Chris Larsen and CEO Brad Garlinghouse.
The head of digital asset research at British bank Standard Chartered (LON:STAN), Jeffrey Kendrick, predicts that this year the price of XRP could double to $5.50.
He also expects that in 2026, XRP will rise to $8.00 and exceed $10 in 2027. By 2029, the analyst sees growth to $12.25, which would mean an increase of 382%.
