Gate News Report, March 18 — Middle-aged retail investors in South Korea are driving a surge in XRP trading, with prices expected to climb. According to CoinGecko data, the 24-hour trading volume of XRP on two major South Korean cryptocurrency exchanges has surged by 115% and 81%, respectively, with spot market trading volumes leading on both platforms. Tiger Research analyst Ryan Yoon noted that this trading activity is primarily led by Korean investors aged 40 to 50, who have recently shifted some funds into the XRP market following a boom in the stock market.
Yoon stated that middle-aged traders are most familiar with XRP, which has fueled what is called a “blowout trading” phenomenon. Meanwhile, interest among Korean investors in XRP spot exchange-traded funds (ETFs) remains high, with over $1.4 billion injected into the market over the past four months, indicating confidence from both retail and institutional investors in XRP. Data from Polymarket shows that investors estimate a 26% chance that XRP will reach $1.80 in March, about 20% higher than the current price of $1.51, with a market cap approaching $93 billion.
Trading data indicates that the total trading volume of XRP across five licensed Korean exchanges exceeds $621 million, with the top two centralized exchanges accounting for 14% and 15% of the volume, respectively. Yoon pointed out that the influx of funds mainly comes from idle capital flowing back after selling off overseas stock assets, giving the crypto market a new boost. Compared to the stock market rally in January that caused a downturn in the crypto market, the active participation of middle-aged investors now provides strong support for XRP.
The enthusiasm of South Korean retail traders has not only boosted XRP trading volume but also highlighted the influence of the middle-aged demographic in the digital asset market. As market attention increases, XRP’s price is expected to continue rising in the short term, further solidifying its position in Asia’s digital asset trading landscape.
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