Ripple partners with Kbank to boost XRP institutional demand in South Korea

Ripple’s partnership with Kbank, Korea’s first internet-only bank, to implement digital asset wallet infrastructure has pushed the XRP price market on Polymarket to 100% YES for XRP reaching $2.60 in April, up from 70% just 24 hours ago.

The XRP price in April market’s April 29 sub-markets are locked at 100% YES. The jump from 70% to 100% in a single day followed the Kbank announcement directly, with traders pricing in increased institutional demand for XRP.

USDC traded volume sits at $52,923 over the past 24 hours, with a face value of $86,356. The largest price move in the last 24 hours was a 26-point drop at 11:11 PM, pointing to real volatility alongside the buying pressure. The swift movement to 100% YES, despite that intraday swing, shows strong directional conviction among participants.

The Ripple-Kbank deal is a concrete step toward institutional crypto wallet infrastructure in South Korea. With XRP trading at 100¢, traders betting YES stand to gain a 1x return. At that price, the market is expressing near-total certainty that XRP holds above the $1.30–$1.40 range through April 29.

Watch for follow-up announcements from Ripple or Kbank on implementation timelines, and any response from other institutional players. New details on the wallet rollout or regulatory reactions in South Korea could shift market dynamics.

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Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.