XRP is trading around $1.09 with minimal price change over the past 24 hours, defending the $1.05 support area as trading volume remains subdued. Bitcoin is hovering near $64,000, and Korean exchanges are discounting Bitcoin more heavily than XRP, signaling stronger local demand for the altcoin.
Price action: XRP defends $1.05
XRP's market capitalization sits at roughly $68 billion, with about 62.4 billion tokens in circulation. The next resistance level is at $1.13, with a stronger ceiling between $1.20 and $1.30. The all-time high near $3.84 remains far off, but the current range suggests a consolidation phase.
Why Korean demand matters
Korean exchanges are discounting Bitcoin more than XRP, which indicates that local traders are favoring XRP over the largest cryptocurrency. This regional demand could provide a tailwind if it persists, though overall volume remains low.
The three scenarios for XRP
The bull case requires Korean demand to strengthen, positive regulatory news, and a break above $1.13 to challenge the $1.20-$1.30 zone. The base case expects sideways trading between $1.05 and $1.13. The bear case involves Bitcoin stumbling on hawkish macro data, which could push XRP below $1.05 support.
LiquidChain presale passes $910K
Separately, LiquidChain ($LIQUID), an L3 infrastructure project aiming to unify liquidity across Bitcoin, Ethereum, and Solana, is in presale at $0.01481 and has raised $910,000 so far.
