XRP/KRW volumes surpass BTC and ETH on Upbit and Bithumb, signaling localized speculative interest amid modest price moves.
XRP has overtaken bitcoin and ether in trading volumes on South Korea’s largest crypto exchanges, Upbit and Bithumb. XRP/KRW recorded $110.9 million in volume on Upbit, ahead of BTC’s $88.6 million and ETH’s $67 million over the past 24 hours. On Bithumb, XRP ranked second with $41 million, trailing only USDT/KRW.
The trend mirrors historical patterns where Korean traders drive XRP volumes before broader volatility. Despite the surge, XRP’s price remains range-bound between $1.44 and $1.45, struggling to break above the $1.49-$1.50 resistance zone since February. Bitcoin and ether typically dominate global exchange activity, but Korean markets have shown a preference for XRP during speculative phases.
The shift occurs against a backdrop of a volatile local stock market and cooling risk appetite, suggesting traders are favoring a high-beta crypto asset rather than a broad risk-on move.