XRP Encounters a New Competitor in South Korea: Is the $3 Target Still Achievable?

XRP from Ripple has found some formidable competitors with the top memecoin Dogecoin (DOGE) in South Korea after dominating the market for a long time. DOGE has surpassed XRP in retail investor trading volume on Upbit, a leading cryptocurrency exchange in South Korea. This raises questions about the long-anticipated $3 target for XRP's price. XRP Records Increased Volatility This Week According to the latest news, XRP has just surpassed Tether to become the 3rd most valuable cryptocurrency with a market capitalization of $151.29 billion. With this, the price of XRP is currently being exchanged at $2.60 for the first time since March 2025. This recent surge has given rise to many theories from marketers.

According to the latest report under House Bill 594, Missouri is the first state in the United States to offer a full income tax deduction for all capital gains on assets such as Bitcoin and XRP profits. Furthermore, the price of XRP has increased by over 11% this year to $2.61. Additionally, XRP is now accepted as a payment method on Travala.

On the other hand, the XRP token was surpassed by Dogecoin in retail trading in South Korea. While XRP from Ripple recorded a trading volume of 278 million dollars on Upbit, the memecoin DOGE recorded 300 million dollars during the same period. What Will Be the Next Move for XRP and DOGE This Week? Considering the current market sentiment, a continuous bullish action could push the price of the cryptocurrency token XRP past the immediate resistance level of $2.75 and towards a higher target price of $3. However, a bearish reversal could pull the price back down to a low of $2.25 in the near term. On the other hand, if the market supports the memecoin market, the price of Dogecoin could retest the resistance level of $0.30. Conversely, an increase in liquidations could pull it back to a low of $0.18 in the coming days.