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Is Korea Propping Up The XRP Price? Pundit Explains What’s Happening

  • XRP price has been propped up by high trading volume on South Korean exchanges amid localized demand.
  • South Korea is a major driver of XRP's price action, with high demand and adoption within the country.
  • South Korea's interest in XRP is driven by regulatory uncertainties and the lack of large-scale cross-border payment solutions in the country.
  • Continued demand from retail investors and Upbit's significant XRP reserve make South Korea a key driver for the cryptocurrency's global future price action.

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