This XRP price prediction explores how increasing interest from South Korean investors could drive the token toward a new all-time high.
South Korean investors have recently shown strong interest in XRP, contributing to its impressive rally. This surge is seen by experienced traders as a potential signal for the start of a new bullish cycle for altcoins.
XRP’s strong performance over the weekend has pushed its year-to-date gains to 18.7%, making it the top-performing token among the top 5 cryptocurrencies.
According to data from Upbit, South Korea’s largest crypto exchange, XRP’s trading volumes have surged to nearly $335 million, significantly surpassing Bitcoin’s $179 million in the past 24 hours.
Market experts suggest that the rally is largely driven by a powerful short squeeze, which has liquidated over $1 billion worth of short positions, further fueling the momentum.
Data from CoinGlass shows that $212 million worth of short positions were liquidated in the past 24 hours, with a dramatic surge to $835 million on May 7. Such liquidations are common in highly leveraged, one-sided markets and tend to amplify rallies.
XRP Price Prediction: Bulls Eyeing $3.2 Target
The strong involvement of South Korean retail traders is seen as a key bullish factor for XRP’s future price movement.
The recent price action suggests that XRP is on track for a potential push toward the $3.2 level. This comes after the token fully reversed its downtrend and broke out of its descending price channel, signaling a shift toward further upside potential.
Both the 21-day and 200-day EMAs are trending upwards, with momentum indicators showing strong bullish signals.
The Relative Strength Index (RSI) is currently at 64, indicating that buyers are firmly in control, while the MACD histogram has been rising steadily for the past four days.
In addition to the short-term and long-term EMAs, the $2 level stands out as a key support area to monitor in case of a sharp pullback.
A move to the $5 area would require significant bullish effort. While not impossible, XRP would first need to clear its all-time high of $3.45. The last attempt to surpass this level faced considerable selling pressure.
With improving sentiment and favorable macroeconomic conditions, the chances of XRP reaching a new all-time high have increased.
Meanwhile, the broader market recovery has also made top crypto presales for 2025, such as Best Wallet (BEST), more appealing.
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