Ripple's cryptoactive, XRP, is one of today's top winners, increasing its price by more than 5% in 24 hours and once again surpassing Bitcoin Cash as the third largest capitalization cryptoactive on the market. Impulse apparently motivated by the announcement of the formation of a consortium of credit cards between Japanese banks and a subsidiary of Ripple.

On the other hand, most of the cryptoactives market - including Bitcoin - has a downward trend of more than 5% in most cases. Some of this behavior may be related to unsubstantiated news about allegedly closing exchange houses in South Korea.

The XRP cryptoactive has managed to reach a price of $1.49 each, presenting a market capitalization value of more than $57 billion, according to CoinMarketCap. At the time of writing, you'll find about $1.48 each.

In 24 hours, it has mobilized more than $3.4 billion across the globe. These movements are being recorded mainly in the Bithumb exchange house with more than 35%; Binance with just over 10%; and both Bittrex and Poloniex are being handled with almost 10%, according to CoinGecko.

The main currencies in which this volume of transactions is moving are more than 50% Korean won (KRW), followed by bitcoin (BTC) with more than 29% and the US dollar (USD) with more than 6%. This indicates a clear boost from the South Korean market to the rise of this cryptoactive.

This growth in the Asian region could be motivated by the alliance they have established with SBI Holding companies in South Korea and Japan. This news recently boosted the value of XRP to over $1. Also on 27 December, its subsidiary SBI Ripple Asia announced the formation of a consortium for the development of credit card payment platforms based on distributed accounting technology. This alliance was formed between SBI Holdings Inc, Credit Saison Co and Mitsui Sumitomo Card Co.

Unlike Ripple, the rest of the market is experiencing a correction in value against the USD. In the case of Bitcoin, it presents a drop in value of more than 7% in 24 hours; presenting a price of $14,210 per unit at the time of writing of the article, according to CoinMarketCap.

According to CoinMarketCap, the total cryptoactives market fell by more than 2.5% in less than 24 hours, despite the fact that it had been on an upward trend, according to CoinMarketCap. Although bitcoin has fallen by more than 7% and maintains a market dominance of more than 43%, the rise in Ripple's value has prevented a further market downturn.

A catalyst that could have motivated the correction could have been the diffusion of a mass media news item about the alleged ban on exchange houses in South Korea, which was distorted and even so widely disseminated. Instead, the South Korean government has increased exchange house regulation to protect investors and prevent the fraudulent use of cryptoactives for criminal acts.