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XRP flips Solana market cap, soars to seven-year high fueled by South Korean traders – TON BOT

XRP flips Solana market cap, soars to seven-year high fueled by South Korean traders

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Over the weekend, Ripple’s XRP surged past $2 for the first time in seven years, reaching a peak of $2.50 before stabilizing at $2.27. This increase of 20% in a day and 54% in a week has pushed XRP to the fourth spot in terms of market capitalization, surpassing Solana. South Korean traders played a significant role in this surge, with XRP/KRW trading volumes on exchanges like Upbit and Bithumb exceeding those of Bitcoin. Regulatory optimism, institutional interest, and the potential approval of XRP-focused ETFs have also contributed to XRP’s rally.

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