XRP Tops Bitcoin and Ether Volumes on Major South Korean Exchanges

XRP trading volumes have overtaken both Bitcoin and Ether on South Korea's two largest exchanges, highlighting the token's enduring appeal among Korean retail traders.

On Upbit, XRP's won pair recorded approximately $110.9 million in volume over the past 24 hours, surpassing Bitcoin's $88.6 million and Ether's $67 million, according to CoinGecko data. On Bithumb, XRP/KRW saw about $41 million in volume, ranking second behind USDT/KRW but ahead of both BTC/KRW and ETH/KRW. South Korea has historically been a key market for XRP, with local traders often driving outsized volumes during periods of heightened speculation. The current surge suggests renewed interest, though price action has remained relatively muted, with XRP trading near $1.44 to $1.45 across the two platforms.

For cryptocurrency traders, the volume shift underscores the influence of regional sentiment on altcoin markets. Korean exchanges have a reputation for amplifying volatility in tokens like XRP, often preceding broader price moves. Traders can monitor these dynamics in real time on NowPrice's live crypto dashboard, which tracks volume and price across global exchanges. The data also highlights the importance of monitoring KRW trading pairs, as they can provide early signals of shifting demand.

Looking ahead, traders will watch whether XRP's volume leadership persists or fades as Bitcoin and Ether regain dominance. Key levels to monitor include XRP's resistance near $1.50 and support around $1.40. Any breakout could be amplified by the speculative nature of the Korean market, but a lack of follow-through may signal a temporary spike. Broader market catalysts, such as regulatory developments or ETF flows, could also influence the direction.