Alright, the interpretation is here, flavored with some crypto-expert viewpoint:
# XRP Big Investors Spend $700M, South Korea Gets Excited!
* At the moment, South Korea is the most popular XRP trading center across the globe.
* The word is that Trump is considering XRP for a nationwide digital currency reserve.
* The SEC is overloaded with XRP ETF submissions – get ready!
Digital currency data experts at Santiment are stating that XRP big investors have been on a purchasing binge this week, grabbing over $700 million in token value.
Right before Trump’s significant digital currency conference this Friday, South Korean traders are going completely crazy for XRP.
Over the past day, the South Korean exchange Upbit alone has witnessed an astonishing $724 million in XRP trading volume.
That’s greater than Binance ($657M) and Coinbase ($395M) *put together*, according to CoinGecko. Seriously!
CryptoQuant analyst Kate Young-ju mentioned on X that Upbit possesses more XRP than any other exchange – double the amount of Binance.
In the meantime, XRP lovers in the US are holding on to Trump’s every statement regarding a possible digital currency reserve, hoping it’ll make things easier for an XRP ETF.
Upbit is among the “Big Four” digital currency exchanges in South Korea, together with Bithumb, Coinone, and Korbit.
Since Trump’s digital currency reserve remarks last Sunday, these four exchanges have made up over 25% of all XRP trading on centralized exchanges around the world.
Do you recall when XRP almost reached $3? Yes, great times. It hit a high of $3.38 around Trump’s inauguration this year, but then went south together with the rest of the market.
On Polymarket, traders have put over a million dollars into wagers on where XRP is going in March.
The largest wager currently? That XRP *will not* fall to $1.90 by the end of the month. Polymarket places those chances at 38%.
Jonathan de Wet, the main investment officer at Zerocaps, told *DL News* not long ago that Donald Trump’s contemplation of adding XRP to a possible national digital currency reserve is a “major approval” for the virtual currency. He thinks that this action should greatly aid in easing the regulatory environment for this specific altcoin.
Toncoin (TON) Value Forecast for March 26th
“Despite some remaining ambiguities, the advantageous consequence of a more positive regulatory environment surrounding XRP is getting progressively apparent. Presuming no unexpected major adverse occurrences emerge, this should maintain its cost comfortably over $2, which appears to be the recognized bottom range recently,” de Wet clarified.
XRP is likewise in the blend with a cluster of other altcoins competing for a location in the numerous ETF applications presently sitting with the Securities and Exchange Commission (SEC). The SEC is really *actively assessing* five separate XRP ETF applications and is anticipated to hand down its verdicts on these by mid-October.
JPMorgan Chase is even forecasting some severe potential, anticipating that XRP ETFs might draw in a significant *8 billion dollars* of investor funds within just the initial year.
*Osato Avan-Nomayo* is our hands-on DeFi reporter situated in Nigeria. He’s the one to talk to for all things DeFi and tech. Got a confidential pointer? Contact him straight at *[email protected]*.
