XRP Ledger transaction volume exploded from $832 million to $49.66 billion overnight, representing a more than 50-fold increase in just a few hours. This massive surge in dollar volume coincided with the price rebounding from $1.25 to $1.30, as South Korean traders dominated with XRP/KRW becoming the top spot pair by volume, beating Bitcoin. On the options market, calls represent double the puts (31,327 vs 16,628), with a notional open interest of $62.30 million and the largest position targeting $2. The price bounced off the $1.25 support but faces resistance at $1.30, with the MFI recovering to 49 and targets set at $1.40 or $1.50 if the support holds.
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