XRP has been making headlines with its impressive rally, fueled by strong buying pressure on Coinbase and massive trading volumes in Korea. While Coinbase whales seem to be leading the charge, the influence of Korean exchanges like Binance and Upbit can’t be ignored. This unique global tug-of-war has investors wondering: where is XRP headed next? Could this be the start of an even bigger surge, or will market dynamics bring a twist to the story? Let’s dive into the key trends and what they mean for XRP price prediction.
How has the XRP Price Moved Recently?
XRP is currently priced at $2.65, with a 24-hour trading volume of $64.75 billion, a market cap of $151.40 billion, and a market dominance of 4.22%. Over the past 24 hours, its price has dipped slightly by 0.91%.
XRP’s all-time high was $3.92 on January 4, 2018, while its all-time low of $0.002802 occurred on July 7, 2014. Following its ATH, XRP hit a cycle low of $0.113268, with its highest recovery since then reaching $2.89. Despite recent fluctuations, market sentiment for XRP remains bullish, supported by a Fear & Greed Index score of 78, signaling Extreme Greed.
Currently, XRP’s circulating supply is 57.05 billion tokens out of a maximum of 100 billion. Its yearly inflation rate stands at 5.87%, with 3.16 billion XRP added to circulation in the past year.
Korean traders and Coinbase whales are key drivers of XRP’s 400% price surge
According to CoinDesk, Tthe recent 400% surge in XRP’s price, reaching $2.60, is a clear reflection of dynamic market forces, with both Korean and U.S. investors playing significant roles. Korean exchanges, particularly Upbit, have demonstrated substantial trading volume dominance, with XRP/KRW accounting for 26% of total activity, equating to a massive $7.63 billion in the last 24 hours.
This underscores the strong appetite for XRP among Korean traders. However, the activity on U.S. exchanges, notably Coinbase, has introduced a unique dimension, with XRP/USD trading volumes surpassing $1.7 billion and consistently showing premiums of 3% to 13% over Binance’s XRP/USDT pair.
This Coinbase premium signals significant whale activity, as noted by CryptoQuant’s CEO Ki Young Ju. Such activity suggests that institutional players and high-net-worth investors see long-term potential in XRP, driven partly by narratives of increased crypto adoption under potential favorable U.S. policies.
Proponents believe that if regulatory hurdles ease, XRP could position itself as a “bridge currency” in international financial systems, facilitating foreign exchange flows seamlessly—a use case that is both scalable and impactful.
XRP Price Prediction: Can XRP Rally Another 400%?
The likelihood of XRP rallying another 400% depends on several factors converging favorably. The so-called "Coinbase premium" and booming U.S. exchange activity reflect growing institutional interest, potentially fueled by the anticipation of regulatory clarity and broader adoption under a Trump-era "crypto-friendly" stance. Should XRP gain traction among financial institutions as a bridge currency, its utility and demand could skyrocket, supporting another significant price surge.
However, the rally's sustainability faces challenges. The dominance of Korean trading volumes, while positive, also introduces a degree of volatility, as localized market enthusiasm can be prone to rapid shifts. Additionally, XRP’s recent overbought conditions and its yearly inflation rate of 5.87% may lead to profit-taking and supply pressures in the short term.
While , XRP has a strong foundation for further growth, bolstered by robust trading activity, whale interest, and compelling use cases. While the road to another 400% rally will depend on regulatory clarity and sustained global demand, XRP’s momentum positions it as a strong contender for continued bullish performance.
