XRP Surges Past Bitcoin on Upbit Amid Retail Frenzy

South Korea's largest crypto exchange, Upbit, has witnessed an unprecedented surge in trading volume for XRP. According to recent data, XRP now leads with $319 million daily, surpassing Bitcoin and Ethereum. This remarkable increase follows a significant shift as retail investors move funds from tech stocks to cryptocurrencies.

XRP's breakout above a long-term downtrend and strong retail inflows are driving this surge. Despite negative local premium signals, Korean trading volumes are pushing XRP's global price higher. However, the sustainability of this rally remains uncertain as exchange revenues have dropped earlier this year, and future momentum depends on continued investor interest.