{"id":5031,"date":"2025-01-02T03:19:15","date_gmt":"2025-01-02T03:19:15","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=5031"},"modified":"2025-01-02T03:19:15","modified_gmt":"2025-01-02T03:19:15","slug":"xrp-volumes-zoom-ahead-of-bitcoin-dogecoin-in-south-korea-whats-next","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=5031","title":{"rendered":"XRP Volumes Zoom Ahead of Bitcoin, Dogecoin in South Korea. What\u2019s Next?"},"content":{"rendered":"
\n

XRP trading volumes on South Korea’s biggest crypto exchanges have overtaken those of bitcoin (BTC<\/a>) and ether (ETH<\/a>) in a sign of flurried interest that often precedes price volatility.<\/p>\n

Total trading volume against the won on UpBit, Bithumb and Korbit, the country\u2019s largest exchanges by volumes and users, topped $800 million in dollar value in the past 24 hours.<\/p>\n

XRP registered over $200 million in volumes on Bithumb<\/a> and $600 million<\/a> on UpBit, with bitcoin (BTC<\/a>) trading volumes less than half of those on both exchanges. Interest in other assets, such as dogecoin (DOGE<\/a>) or ether (ETH<\/a>) was even lower, reaching just a 10th of the demand seen for XRP.<\/p>\n

A wild increase in trading volume is often a harbinger of increased volatility because it may be a sign that market participants are anticipating developments that warrant them taking speculative positions.<\/p>\n

High volumes might precede a price breakout if those positions support a strong move through resistance or support levels. They could also signal a price peak or trough, potentially leading to a reversal if the volume represents panic selling or aggressive buying at perceived undervalued or overvalued levels.<\/p>\n

South Korean traders are known for pushing euphoric rallies on tokens, contributing to buying pressure and possibly influencing prices.<\/p>\n

XRP has emerged as a popular token among Korean traders this year, with political developments often causing a sudden move in XRP markets locally, as a CoinDesk analysis previously showed<\/a>.<\/p>\n

Tuesday\u2019s volume bump comes as a South Korean court issued an arrest warrant for President Yoon Suk Yeol early Tuesday. The warrant was sought over Yoon\u2019s controversial and short-lived decision to impose martial law early in December.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

XRP trading volumes on South Korea’s biggest crypto exchanges have overtaken those of bitcoin (BTC) and ether (ETH) in a sign of flurried interest that often precedes price volatility. Total trading volume against the won on UpBit, Bithumb and Korbit, the country\u2019s largest exchanges by volumes and users, topped $800 million in dollar value in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-5031","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/5031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5031"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/5031\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}