XRP has overtaken Bitcoin and Ethereum as the most actively traded asset on South Korea’s leading exchange, Upbit, highlighting its enduring popularity among local investors.
In the past 24 hours, Upbit recorded a total trading volume of $493.74 million. During this period, XRP led all assets with $52.33 million in trades, accounting for roughly 10 % of the exchange’s overall activity.
Bitcoin’s volume was $42.14 million (8.54 % of the total), while Ethereum followed with $24.3 million, or 4.92 % of the overall trading activity.
The data shows XRP maintained a decisive lead over the two largest cryptocurrencies by market capitalization during the reporting window.
South Korean Traders Remain Strong Supporters of XRP
Beyond the recent data, XRP’s robust performance on Upbit reflects a broader, persistent trend within South Korea’s cryptocurrency market.
Earlier this year, XRP trading activity on Upbit spiked dramatically, with a 289 % surge in volume recorded within a single hour. By comparison, Binance saw a 128 % increase over the same timeframe, underscoring the intensity of Korean market participation.
Large‑holder movements also bolster demand. In May, an unidentified wallet withdrew 6.3 million XRP from Upbit. Concurrently, on‑chain data showed whales moving $135 million worth of XRP off exchanges within a week—a pattern often linked to long‑term accumulation.
Overall, XRP’s ability to outpace Bitcoin and Ethereum on Upbit demonstrates its unusually strong foothold in South Korea’s trading ecosystem.
XRP Continues Recovery After Recent Market Dip
XRP is rebounding from last month’s broader market downturn, which briefly pushed its price down to $1.01.
Since that low, XRP has recovered to around $1.14, delivering a 12.87 % gain. However, overall trading activity has cooled, with XRP’s 24‑hour volume dropping 31 % to roughly $1.21 billion.
Momentum remains cautiously positive. XRP has risen 0.23 % over the past day and about 9.5 % over the past week as buyers gradually re‑enter the market. The cryptocurrency currently ranks sixth by market capitalization with a cap of approximately $70.79 billion.
Spot‑flow data from CoinGlass indicates steady investor withdrawals. Over the past seven days, investors have taken $30.38 million worth of XRP off trading platforms, and $147.5 million over the past month.
These consistent outflows suggest that more participants are shifting XRP into long‑term holdings rather than leaving it on exchanges for trading.
