XRP Surges 32% on Upbit as South Korea's Traders Return in Force

The XRP token has seen a significant surge in trading activity on South Korean exchanges, particularly Upbit, which processed over $830 million in a single hour on Saturday. The exchange's 24-hour volume reached nearly $3.81 billion, with XRP capturing 32.20% of that activity.

This marks a sharp rebound for the token, which has been outperforming the wider crypto market over the past seven days. According to Coingecko data, XRP is currently trading near $1.50 after a 50% gain in that period.

The increased activity on Upbit and other Korean exchanges follows a quiet first half for the region's exchanges, with many local investors favoring domestic shares during the KOSPI's artificial-intelligence and semiconductor rally.