CandleFocus Move Over XRP's Korea Narrative, The 400% Price Rally Has Support of Coinbase Whales
2024-12-04
Author: Content Editor
The price of XRP has seen a significant surge in the past 30 days, with South Korean and US investors being heavily involved. The XRP/USD pair on Coinbase has consistently had a higher price than Binance's XRP/USDT pair, indicating the presence of whales on Coinbase. This may be due to narratives surrounding crypto adoption under Trump's presidency, which is seen as a more favorable environment for cryptocurrencies. However, volume trends show that Korean investors still dominate the XRP market, with the XRP/KRW pair being the most traded on Upbit. The offshore XRP market is larger in volume, likely because XRP was previously unavailable for trading in the US due to a legal battle with the SEC.
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