XRP is causing waves in Korea. The country's largest crypto exchange, Upbit and XRP, have become the most traded coin in the last 24 hours. Surprisingly, it outweighed Bitcoin and Ethereum trading volumes. It shows strong interest from local traders. According to Upbit data, XRP trades around 70 million tokens in just one day. This amounts to approximately USD 208 million. This amounts to over $155 million for Bitcoin and $120 million for Ethereum over the same period.
The token price moved between 4,092 and 4,153, ending at ₩4,139 ($1.09 USD). The price change of 0.73% may seem small. Large trading volumes talk about something else. Regular and professional traders are very active. While moving a large amount of XRP back and forth. This surge places the XRP at the top of the chart on Upbit. It shows its popularity as a liquid and fast-moving code. For many Korean traders, XRP is becoming a go-to option for short-term trading and large-scale trading.
Why XRP is rising rapidly
Several factors explain recent spikes. XRP transactions are faster and cheaper than many other coins. This makes it attractive for transactions and payments. Furthermore, Coin has a community loyal to Korea. Active discussions and updates are circulating on social media platforms. Local market sentiment also plays a role. A quiet time in the global crypto market. Korean traders often drive spikes to volume. This could lead to short-term price movements and record-breaking trading days like this.
Price movements and market behavior
The XRP price showed mild volatility during the day. The small swing suggests that traders are confident in the liquidity of the market. This allows you to run large transactions without causing a major price shaking. Over the past week, the XRP has remained close to the 4,100 mark. Stable pricing and a large amount of combination. This indicates that traders may be accumulating XRP for short-term opportunities. We will also place it for future developments.
How XRP compares to BTC and ETH
Bitcoin remains Crypto's benchmark. Ethereum dominates smart contract activity. XRP's high liquidity and low trading costs make it attractive to traders. Those seeking to exploit market inefficiencies have shown this trend, showing how regional markets differ from global sentiment. Upbit's activities show that local traders can have a significant impact on the market. It gives coins like XRP a chance to shine even when global giants dominate the headlines.
Exchange activities and insights
Upbit's orders show a repeating burst of large transactions in XRP. Analysts say these moves are probably a combination of algorithmic trading. Includes arbitrage and aggressive accumulation rather than speculative hype. The Korean market has long supported XRP. Due to its use in payments and remittances, there is a stronger base compared to several other altcoins. This support helps maintain consistent trading interest and liquidity.
Looking ahead
Although the price of XRP has not jumped dramatically. Record trading volumes show strong engagement. Analysts suggest that sustained interest in South Korea could continue to increase liquidity. It could also affect the global XRP market. Investors are looking at it as XRP remains the most traded coin on Upbit. Continuing momentum could strengthen its position as the region's top crypto. That shows that it was even a market dominated by Bitcoin and Ethereum. There is room for other tokens to lead. Nowadays, Korean traders have made that clear: XRP is in demand and this token is on the central stage.
