CandleFocus XRP’s South Korea Slump: Political Unrest Sparks Price Crash
2024-12-10
Author: Content Editor
The XRP cryptocurrency experienced a significant price crash in South Korea following the declaration of martial law by the president. While Bitcoin's prices quickly rebounded, XRP struggled to recover, with prices on the UpBit exchange falling by 54%. The recovery for XRP was slower compared to Bitcoin. South Korea's crypto market is a major player in global XRP trading, and the country's strict regulations played a role in containing the crash's effects, although it worsened price differences on local exchanges. Despite the crash, analysts believe XRP's price remains high on the global stage.
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