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<p>Since December 8, XRP has seen a significant drop, losing over 10.63%. The worst hit came on December 9, when it fell by more than 15%. The market is still reeling from this sharp decline, and many are asking, “What triggered this sudden fall?” Some experts believe Korean exchanges might be playing a big role in the price correction. </p>   
<p>If you’re wondering what’s behind the numbers and what could happen next, keep reading to dive into the details.</p>   
<h2 class="wp-block-heading" id="h-xrp-s-price-drop-a-closer-look">XRP’s Price Drop: A Closer Look </h2>   
<p>At the start of December, XRP was priced around $2.29. By December 2, it reached a high of $2.72. However, since then, the momentum has slowed significantly. From December 3 to 5, the price fell from $2.72 to $2.24. On December 6 and 7, buyers tried to push the price back up, but their efforts failed. On December 9, XRP saw its biggest drop, falling 15.01% to a low of $2.21. The market hasn’t yet fully recovered from this sharp decline.</p>   
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<p>In the last seven days, Bitcoin (+1.5%), Ethereum (-0.2%), and Solana (-8.3%) have outperformed XRP’s -9.4%.</p>   
<h2 class="wp-block-heading" id="h-a-strong-bull-run-now-facing-a-setback">A Strong Bull Run, Now Facing a Setback</h2>   
<p>XRP was one of the best-performing altcoins during the recent <a href="https://coinpedia.org/news/crypto-bull-run-how-this-weeks-750m-token-unlocks-affect-altcoin-season/" target="_blank" rel="noreferrer noopener">crypto bull run,</a> surging over 366.3% since November 5. However, this recent <a href="https://coinpedia.org/news/sell-xrp-now-why-its-time-to-shift-to-these-altcoins-for-10x-profits/" target="_blank" rel="noreferrer noopener">sell-off</a> has raised concerns. Many believe profit-taking is behind the price drop, and data supports this. </p>   
<p>Notably, Korean exchanges seem to have played a big role in driving the decline.</p>   
<p class="has-background" style="background-color:#e9f0ff"><strong>Amid the current market volatility, many are wondering where XRP is headed next. Read <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noreferrer noopener">XRP Price Prediction</a> to uncover expert insights and forecast the next big move!</strong></p>   
<h2 class="wp-block-heading" id="h-how-korean-exchanges-impacted-xrp-s-price">How Korean Exchanges Impacted XRP's Price</h2>   
<p>Reports show that the sell-off started on Korean exchanges at 7:45 p.m. UTC on December 9. On that day, XRP opened at $2.60 but dropped to $2.21 by the end of the day. The KOSPI index also hit a monthly low of 2,360.24 KRW. </p>   
<p>Data suggests that XRP/KRW experienced a sharper decline than XRP/USD or XRP/USDT, highlighting the impact of Korean exchanges on the market.&nbsp;</p>   
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<p>The trend of heavy selling on Korean platforms, especially on December 9, appears to have significantly affected XRP’s price.</p>   [post_titles_links postid="391596"]   
<h2 class="wp-block-heading" id="h-korea-s-political-turmoil">Korea's Political Turmoil </h2>   
<p>On top of market concerns, <a href="https://coinpedia.org/news/martial-law-disrupts-south-koreas-crypto-progress-to-a-standstill/" target="_blank" rel="noreferrer noopener">South Korea’s political climate</a> has been unstable. In early December, President Yoon Suk Yeol declared <a href="https://coinpedia.org/news/bitcoin-crashes-down-30-on-upbit-as-president-declares-martial-law/" target="_blank" rel="noreferrer noopener">martial law</a>, citing threats from North Korean sympathizers. However, lawmakers quickly rejected the order, forcing him to withdraw it. </p>   
<p>This political uncertainty has added to the volatility in the KOSPI index, which dropped from 2,455.24 KRW on December 2 to 2,361.23 KRW on December 9. Although the market has rebounded by 2.41% in the last two days, it has not yet recovered from previous losses.</p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1733904615470">
  <strong class="schema-faq-question"><strong>Did political instability in South Korea affect XRP's price?</strong></strong> 
  <p class="schema-faq-answer">Yes, political instability in South Korea, including a martial law order, contributed to market volatility, impacting XRP’s performance.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1733904735029">
  <strong class="schema-faq-question"><strong>How did Korean exchanges impact XRP's price decline?</strong></strong> 
  <p class="schema-faq-answer">Korean exchanges played a major role in accelerating XRP’s price decline on December 9, with sharp sell-offs on XRP/KRW pairs.</p> 
 </div> 
</div>   
<p><strong>With the market still in turmoil, many are left wondering where XRP will go from here. Stay tuned for the latest updates and predictions on XRP’s future.</strong></p>

Why XRP Price Dropped 10%: Profit-Taking and Korean Influence Explained

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