24/7 Cryptocurrency News

XRP Emerges as South Korea’s Top Crypto, Surpasses BTC & ETH on Upbit

XRP leads trading activity on South Korea’s top exchange, Upbit, with $1.22B in volume, capturing 22% of total trade.
Published by
XRP Emerges as South Korea’s Top Crypto, Surpasses BTC & ETH on Upbit

Highlights

  • XRP/KRW accounts for 22% of daily trading volume on Upbit.
  • XRP's trading volume surged by 72%, outperforming most altcoins during a period of broader market retracement.
  • Ripple’s recent application for a national bank charter with the U.S. OCC signals strategic expansion into traditional finance.

XRP has surged to dominate trading activity on Upbit, South Korea’s leading cryptocurrency exchange. This comes amid a broader slowdown in the crypto market, where the most significant assets are facing slight retracements.

Advertisement

Massive XRP Trading Activity Sweeps South Korea

CoinGecko data has shown that XRP is dominating other crypto tokens on Korea’s leading crypto exchange, Upbit. As of press time, the XRP/KRW trading pair makes up about 22% of the platform’s total daily trading volume. This amounts to roughly $1.22 billion out of a total of $4.53 billion in transactions.

Source: CoinGecko

Furthermore, XRP’s 24-hour trading volume jumped by 72%, as CoinMarketCap data shows, marking one of the highest spikes across the digital asset ecosystem. While most altcoins experienced modest pullbacks, XRP bucked the trend, climbing roughly 2% in part due to the explosive trading activity centered in South Korea.

Historically, South Korean investors have shown a deep affinity for XRP, often preferring it over popular assets like Bitcoin (BTC). This trend continues on the four main crypto exchanges in Korea: Bithumb, Korbit, and Coinone. Recently, all these exchanges have seen high trading volumes for XRP.

Advertisement

Regulation, Expansion, and Ripple’s Strategic Momentum

A key event boosting investor confidence is the upcoming U.S. Senate Banking Committee hearing. Ripple CEO Brad Garlinghouse will testify about cryptocurrency market structure legislation. His invitation is a major step for Ripple and XRP, as it shows that blockchain technology is gaining acceptance among U.S. lawmakers.

In parallel, Ripple’s global footprint is expanding. The company recently filed for a national banking license with the U.S. Office of the Comptroller of the Currency (OCC), signaling its intent to integrate more deeply into traditional finance.

As a result of these factors, XRP is likely to remain popular in South Korea and may be poised to regain global attention. This may happen quicker as U.S. regulations improve and more institutions start using the token.

XRP Set For A Breakout Thanks To Bullish Fundamentals

Adding to the bullish narrative, crypto analyst Ali Charts has suggested a potential XRP breakout to $2.6 could be on the horizon. He pointed out that a possible inverse head-and-shoulders pattern was forming on the XRP chart. Coingape markets also reported by a XRP price breakout is imment in the coming days. 

Source: X; XRP analysis

This setup typically signals the end of a downtrend and the start of a new upward trend. If confirmed, it could signal a significant shift in market sentiment, particularly since the token is experiencing a surge in trading activity from South Korean exchanges like Upbit.

Advertisement

Share
Coingapestaff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Pi Network Adds DEX and AMM Features To Expand Pi Coin’s Utility

Pi Network has now added two new features to its Testnet. These are a decentralized…

October 1, 2025
  • 24/7 Cryptocurrency News

October Fed Rate Cut Odds Rise After Weak U.S. Labor Data, Bitcoin Surges

U.S. private payrolls unexpectedly fell in September, raising market bets that the Federal Reserve will…

October 1, 2025
  • 24/7 Cryptocurrency News

Hashdex Adds Cardano to Crypto Index Fund as ADA Gains SEC Listing Eligibility

Asset manager Hashdex has officially included Cardano in its Nasdaq Crypto Index U.S. ETF. This…

October 1, 2025
  • Bitcoin News

U.S. Treasury To Ease Tax Rule on Unrealized Bitcoin Gains, Aiding Saylor’s Strategy

The U.S. Treasury and IRS have released an interim guidance, which highlights plans to ease…

October 1, 2025
  • 24/7 Cryptocurrency News

Trump-Backed World Liberty (WLFI) Plans RWA Tokenization Paired with USD1 Stablecoin

Trump Family's World Liberty Financial has unveiled big real-world asset (RWA) tokenization plans on Wednesday,…

October 1, 2025
  • 24/7 Cryptocurrency News

Stripe Eyes U.S. Banking Charter, Pioneers One-Click Stablecoin Issuance for Firms

Fintech giant Stripe has unveiled a suite of tools to enable businesses to tap into…

October 1, 2025