Dogecoin, XRP Trading Volumes Flip Bitcoin’s in South Korea
Summary
XRP and dogecoin (DOGE) trading volumes have surged on South Korean exchanges, surpassing bitcoin (BTC) this week. XRP and DOGE accounted for 30% of trading volumes on Upbit and nearly 20% on Bithumb. Upbit led XRP trading globally, while Binance and Coinbase dominated DOGE trading. Both tokens have increased over 100% in the past two weeks, with XRP benefiting from a favorable U.S. regulatory climate and DOGE gaining from political developments and Elon Musk's promotional efforts. Analysts suggest South Korean trading activity may indicate market froth, but XRP is expected to maintain growth, currently trading above $1, with key support levels at 96 cents and 65 cents, and resistance at $1.26 and $1.40. DOGE trades just under 40 cents.
