XRP is dominating the charts on South Korea’s top exchange, Upbit, securing over $564 million in 24-hour trading volume — accounting for 16.04% of the platform’s $3.52 billion total. The XRP/KRW pair outpaced giants like Bitcoin and Ethereum, reflecting intense regional demand.
Currently priced at $0.736 with a $39.2 billion market cap, XRP remains relatively stable, showing only a 0.98% daily dip even as the broader altcoin market corrects. The coin’s resilience is bolstered by Korean traders who consistently rank it among the top-volume assets on exchanges like Bithumb and Korbit.
The surge in KRW volume isn’t new — Korea has long been a hotbed for its trading. With its unique market sentiment cycles, local speculation, and regulatory cues, the region often drives its momentum independently from global USD markets.
While no single event explains today’s spike, analysts suggest a mix of institutional interest and retail enthusiasm. This regional momentum could spark global arbitrage opportunities and renewed trader interest across exchanges.
Upbit’s dominance amplifies XRP’s spotlight, hinting at possible ripple effects in broader crypto markets as Korean demand continues to drive the coin’s popularity.
You might also like: Insane ! DeFi Market Hits $153B as Ethereum Strikes Near $4,000
