$XRP

Korean traders have played a crucial role in driving the recent price surge of XRP. Data shows that the trading volume of XRP on major exchanges like Upbit and Bithumb in South Korea has surpassed that of Bitcoin and Ethereum, with Upbit recording over 269 million USD in XRP trades within 24 hours, including 161 million USD in a single hour. This surge is believed to be due to Korean investors quickly reacting to price trends, creating a 'snowball' effect in trading. However, some analysts note that inflows into Upbit do not always lead to price increases, as the global market can neutralize this impact with outflows. Nevertheless, the vibrant trading activity from South Korea has brought XRP into the spotlight, with the price reaching around 2.33 USD and increasing by 6% in the past week.