XRP Trading Volumes in South Korea Surpass US on Upbit

The XRP token has become a leading global driver in terms of trading volumes, thanks to its strong interest in South Korea. According to CoinGlass's market heatmap, Upbit, the largest exchange in South Korea, recorded $224.22 million in daily turnover, outpacing Coinbase, the main US-regulated giant, with $173.38 million.

The XRP/KRW pair on Upbit accounted for 15.57% of the platform's total activity, allowing it to surpass even Bitcoin and the stablecoin Tether in liquidity. The token's price is currently trapped in the $1.44, $1.50 range, while exchanges are recording a daily decline in volume following a powerful weekly rally in which XRP gained more than 14-15%.

The situation is being fueled by prolonged stagnation in traditional markets, with middle-aged local investors liquidating their stock portfolios and moving into crypto. In the US, institutional funds are absorbing liquidity, focusing strictly on regulated BTC and ETH.