Ripple’s XRP has found some tough competition with leading memecoin Dogecoin (DOGE) in South Korea after dominating the market for so long. DOGE has outpaced XRP in the retail trading volume on Upbit, a leading cryptocurrency exchange in South Korea. This raises questions about the much-anticipated $3 target for the XRP price.
XRP Token Records Increased Volatility This Week
As per the latest news, XRP has just surpassed Tether to become the 03rd most-valued cryptocurrency with a market capitalization of $151.29 billion. With this, the XRP price is currently exchanging hands at $2.60 for the first time since March 2025. This recent surge gives birth to multiple theories by marketers.
As per the latest reports under House bill 594, Missouri is the first state in the United States of America to offer a full income tax deduction on all capital gains on assets such as Bitcoin and XRP profits. Furthermore, XRP price has jumped over 11% this year alone to $2.61. Moreover, XRP is now accepted as a payment method on Travala.
On the other hand, XRP token gets surpassed by Dogecoin in South Korea’s retail trading. While Ripple’s XRP records $278 million in trading volume on Upbit, the DOGE memecoin records $300 million during the same period.
What’s Next for XRP and DOGE Memecoin This Week?
Considering the present market sentiments, a sustained bullish action could result in the price of XRP crypto token breaching its immediate resistance level of $2.75 and head toward its upper target price of $3. However, a bearish reversal could pull the price toward its low of $2.25 in the upcoming time.
On the other hand, if the market favors the memecoin market, the Dogecoin price could retest its resistance level of $0.30. On the contrary, increased liquidation could pull it toward its low of $0.18 during the coming days.
Also Read: XRP Meets New Rival in South Korea: $3 Target Still Possible?
