XRP Surges to $1.50 Amid 273% Trading Volume Spike on Upbit

XRP has surged towards $1.50, driven by a massive 273% surge in trading volume on South Korea's Upbit exchange.

This sudden rally was fueled by short covering, improved regulatory outlooks, and strong buying from major holders, pushing XRP's market capitalization up by about $30 billion.

The key role of South Korean retail demand cannot be overstated, as XRP trading volumes surpassed Bitcoin and Ethereum on Upbit. The sudden price movement has also broken above a crucial resistance level but faces further hurdles near $1.85-$1.95, with the $1.50 level critical for sustaining momentum.