XRP News: South Korean Demand and Trump’s Crypto Reserve Announcement Boost XRP’s Prominence

Upbit Dominates XRP Market as South Korean Demand Soars

President Donald Trump recently announced a US crypto reserve featuring XRP. According to CryptoQuant data, Upbit holds twice as much XRP as Binance, reflecting the growing prominence of XRP trading in South Korea. Additionally, Upbit leads in XRP trading volume, accounting for 14.37% of the total, outpacing Binance with a 12% market share. This shift highlights the increasing interest of South Korean investors in XRP.

XRP Surges After Trump Boost and Whale Accumulation

Ripple’s XRP saw a significant surge in active addresses by 620% after US President Donald Trump included it in the US Strategic Crypto Reserve. This led to whales accumulating XRP, along with Ethereum, Solana, and Cardano. Ripple is the only top 10 crypto printing green indexes across all metrics. The XRP price jumped by 6% in the last 24 hours as the crypto market recovered from the recent crash due to intensified trade wars.

XRP Whales’ $3.2 Billion Accumulation Could Set Price Up For Rally

Whale addresses holding between 100 million and 1 billion XRP have added 1.34 billion XRP worth over $3.26 billion in the past week. Despite speculations linking this to XRP’s inclusion in the US Crypto Reserve, whales primarily bought at low prices, indicating anticipation of further gains. They didn’t sell despite an 18% crash on Monday, suggesting confidence in XRP’s long-term potential. The price DAA Divergence is currently flashing a buy signal for XRP as investors demonstrate resilience amid challenging market conditions.

XRP Faces Mounting Sell Pressure

There has been a noticeable surge in the number of XRP addresses over the past few days. These new market entrants are beginning to sell as price and sentiment shift to a bearish phase. The major market gains recorded by XRP over the past days have notably declined, as selling pressure increased. Its past 24-hour gains have dropped 5.26%. According to recent data from Glassnode, the number of active XRP addresses saw a massive jump, growing by 620% during this period, typically indicating increased demand, which positively impacts price.