According to CoinGecko, on Thursday, XRP soared to $3.65, with many believing this set a historical high for the token. However, due to historical price discrepancies, this milestone has also sparked questions. Notably, XRP's previous historical high of $3.84 was recorded on South Korean exchanges such as Upbit and Bithumb, where there is a significant premium on XRP trading prices. Ripple's Chief Technology Officer David Schwartz emphasized that this data does not reflect prices on major Western exchanges like Bitstamp, Kraken, or Coinbase, where XRP's peak price hovered between $3.3 and $3.4.
For investors seeking accurate market data, this distinction is crucial, as the premium in Korea means that most traders cannot achieve sufficient trading volume at the $3.84 price. Therefore, the recent peak of XRP prices at $3.65 on global exchanges marks the first true new high for XRP in nearly eight years, signaling a revival of investor interest and market momentum.
