XRP Recovers Market Dominance in South Korea, Outperforming Bitcoin

The fascination with XRP does not appear to be fading, with its price once again rising and overtaking Bitcoin in South Korea.

Ripple’s XRP has outperformed Bitcoin in South Korea, with trade volumes more than twice as large, according to recent data.

While Bitcoin sat at $282 million, XRP soared to a massive $650 million in 24-hour trading volume on July 18 in South Korea. This striking disparity highlights the immense interest and demand for XRP in the country.

XRP price surged on Monday, July 18, 2024, as the token outperformed Bitcoin by a significant margin in South Korea. Despite a recent correction in the crypto market, XRP managed to rally, rising 8.46% to $0.594 over the last 24 hours.

However, XRP fiyatı daha sonra düştü ve son 24 saatte yaklaşık %6 değer kaybetti. Bu düşüş, daha geniş kripto piyasasının da düşüş eğilimi göstermesiyle gerçekleşti. Son verilere göre BTC fiyatı son 24 saatte yaklaşık %4 düşerek 24.000 dolar seviyesinin altına geriledi.

Earlier this month, XRPL launched the Japan and Korea Fund, which is open to businesses, developers, and members of the XRPL Community. This fund is a collaboration between top Korean and Japanese enterprises. The fund will support projects focused on XRPL, XRP Ledger, and Illiquid assets.

At the time of writing, XRP is ranked 7th by market capitalization, according to CoinGecko. The token has seen a lot of interest from investors in 2024, especially amid the ongoing SEC case against Ripple.

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