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Move Over XRP's Korea Narrative, The 400% Price Rally Has Support of Coinbase Whales

XRP's Korea Narrative Analysis: The 400% Price Rally

XRP has experienced a significant price surge of over 400%, primarily influenced by active trading by whales on platforms like Coinbase and strong support from South Korean investors. Recent analyses note a remarkable 100% rally being linked to whale transaction surges just before the price explosion. Whale Activity

Coinbase whales have played a crucial role in the XRP rally, demonstrating sustained buy activity that has contributed significantly to price increases. The XRP/USD pair on Coinbase showed higher prices compared to other exchanges, emphasizing the influence of large investors. South Korean Investors

Trading trends from South Korea reveal increased interest, with trading metrics indicating that South Korea’s crypto trading has outpaced the stock market by 22%. The XRP/KRW pair remains one of the most traded pairs on platforms like Upbit, further indicating robust demand from South Korean traders. Show Less

https://www.coindesk.com/markets/2024/12/04/move-over-xrps-korea-narrative-the-400-price-rally-has-support-of-coinbase-whales
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