XRP price prediction: Korea drives 17 percent of Upbit trading, and $1.08 is the level that decides

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Analysis: XRP is the most traded coin on the Korean exchange Upbit, yet buyers there pay no premium over the global market price. Together with empty ETF books, that argues against a quick recovery and puts the $1.08 level at the centre.XRP is the most traded coin on the Korean exchange Upbit on Monday.Add as a preferred source on GoogleFollow on Google NewsXRP is the most traded coin on South Korea's largest crypto exchange on Monday morning, and yet Korean investors are paying not a cent more than buyers in the US or Europe. On Upbit, XRP accounted for 17.0 percent of total trading volume in the 24 hours to 7:45 a.m. German time on Monday, more than Bitcoin at 11.6 percent. The price there was 1,475 won, roughly $1.086, practically level with the Kraken exchange in the US.What is documented: XRP costs around $1.09 on Monday morning, about €0.97, its lowest since mid-August, and Korea is trading the coin more than any other. Our assessment follows further down: heavy volume wit...