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- XRP outperforms Bitcoin in South Korea, with significantly higher trading volumes.
- XRPL launches the Japan and Korea Fund to boost innovation and collaboration in these markets.
The fascination with XRP does not appear to be fading, with its price once again rising and overtaking Bitcoin in South Korea.
In a recent tweet, popular crypto investor Armando Pantoja provided interesting information about Ripple’s coin in South Korea. In South Korea, XRP has outperformed Bitcoin, with trade volumes more than twice as large. While Bitcoin sat at $282 million, XRP soared to $650 million.
To all the doubters who doubt $XRP.
XRP just smashed #Bitcoin in Korea with over 2x the trade volume! 📈🚀 While BTC lagged at $282M, $XRP flexed with $650M. Numbers don't lie – who listened?💥 #XRP pic.twitter.com/qhQL17lDHf
— Armando Pantoja (@_TallGuyTycoon) July 18, 2024
XRP Recovers Amid Canceled SEC of Key Crypto Meeting
XRPL launched the Japan and Korea Fund earlier this month, which is open to businesses, developers, and members of the XRPL Community. This fund is a collaboration between top Korean and Japanese enterprises.
At the time of writing, the price of XRP has rebounded from its previous correction, rising 8.46% to $0.594 over the last 24 hours.
As we previously reported, the SEC cancelled a confidential meeting scheduled for July 17, during which officials were anticipated to discuss significant crypto problems, including an upcoming settlement with Ripple.
Following this news, XRP’s price fell, but tremendous demand for Ripple’s token caused it to rise again, putting it in a short-term bullish position.
Whale Alert spotted a huge movement of 20 million XRP tokens to the BitGet exchange while the correction was underway. While initially feared to be a liquidation event, it had no adverse effect on the token’s price movement.
Particularly in South Korea, where trade volume has surged dramatically, these events show the rising interest and enthusiasm in XRP. The founding of the Japan and Korea Fund highlights for XRPL the strategic relevance of these markets.
The fund’s aim is to inspire creativity and cooperation among companies, developers, and the general public, possibly producing more significant discoveries and acceptance of XRP and XRPL technologies.
