- XRP overtakes Bitcoin and Ethereum in South Korea.
- Could XRP close above $12 ATH this year?
- What will surge first, ETH or XRP?
The crypto market continues to remain cautiously optimistic for a bullish altseason peak phase. As sentiment constantly shifts due to the surges and dips of various asset prices, some coins shine through with bullish signals on their respective price charts. Today, Ripple’s XRP calls attention as XRP overtakes Bitcoin and Ethereum in South Korea. Could XRP close above $12 during the altseason rush this year?
XRP Overtakes Bitcoin and Ethereum in South Korea
The Ripple and XRP community is ecstatic to see that XRP has overtaken Bitcoin and Ethereum in South Korea. As we can see from the post below, XRP has become the top traded crypto asset on major South Korean exchanges. In detail, XRP won trading pair-led volumes on Upbit over a 24-hour period on May 13.
CoinGecko data showed XRP volume reached roughly $110.9 million on the exchange. That surpassed Bitcoin at $88.6 million and Ethereum at nearly $67 million. On Bithumb, XRP also ranked above both BTC and ETH trading pairs. Analysts say Korean traders are again driving speculative interest around XRP.
Presently, crypto prices have dipped slightly lower, with BTC under $80,000 and ETH under $2,300, leading to stricken sentiments. Despite that, altcoins have been performing well this week, with assets like SUI experiencing a powerful breakout, seeing a rise of above 16% in under a day. Experts believe this may just mark the beginning of a bullish price surge for altcoins across the market.
Altseason’s arrival remains a highly anticipated event, and many believe the long-awaited altcoin price surge phase is just on the horizon. As bearish and bullish analysts continue to but heads over what outcome is likely and which move will arrive first, altcoins continue to show promise across their price charts, with many nearing the completion of many bullish price pump patterns.
As we can see from the post above, the text highlights the prediction of a popular crypto analyst, who points to a Cup and Handle setup on the XRP price chart. He also marks how the key resistance sits at $1.74 and $3.65, with a Fibonacci extension pointing to a long-term $12.10 target. So far, XRP has rebounded from $1.11 lows and is consolidating near $1.45 after briefly testing $1.50 resistance.
Could XRP Xlose Above $12 This Year?
The analyst then goes on to state that XRP could see a breakout if momentum holds, with short-term targets near $2 and possible new ATH above $4. All in all, he expects a rally above $12 for XRP, meaning a bullish new ATH record could be set. This one bullish move for XRP could ignite the path for other altcoins to surge and set new ATH prices of their own in the coming months ahead.
