$XRP Daily trading activity on Upbit, South Korea’s largest cryptocurrency exchange, outpaced both Bitcoin and Ethereum, highlighting its continued appeal among local traders.
In the past 24 hours, Upbit recorded a total trading volume of $493.74 million. During this period, $XRP It led all assets with $52.33 million in trades, accounting for nearly 10% of all trading activity.
In contrast, Bitcoin’s trading volume was $42.14 million, accounting for 8.54% of the total. Meanwhile, Ethereum followed with $24.3 million, representing 4.92% of total trading activity.
Notably, the data shows that $XRP During the reporting period, it maintained a clear lead over the two largest cryptocurrencies by market capitalization on exchanges.
Korean traders continue to support $XRP
In addition to the latest figures, $XRPThe company’s strong performance on Upbit reflects broader and persistent trends in the Korean cryptocurrency market.
At the beginning of this year, $XRP Trading activity on Upbit increased rapidly, with a notable phenomenon of a 289% spike in trading volume within an hour. Over the same period, Binance recorded a smaller 128% increase, highlighting the intensity of its participation in the Korean market.
Moreover, the activities of large shareholders are also reinforcing this demand. In May, an unidentified investor withdrew $6.3 million. $XRP From Upbit. Around the same time, on-chain data showed that whales were moving $135 million worth of seafood. $XRP Not replacing within a week is a pattern often associated with long-term accumulation.
whole, $XRPThe company’s ability to outperform Bitcoin and Ethereum on Upbit highlights its unusually strong foothold in the Korean trading ecosystem.
$XRP Extend recovery period after market decline
meanwhile, $XRP continues to recover from last month’s widespread market downturn, which briefly sent the price down to $1.01.
since then, $XRP The price rebounded to around $1.14, marking a 12.87% increase. Despite this recovery, global trade activity has cooled. $XRP‘s overall volume decreased by 31% in the past 24 hours to approximately $1.21 billion.
Nevertheless, momentum remains cautiously positive. $XRP The stock has gained 0.23% over the past day and about 9.5% over the past week as buyers gradually re-entered the market. $XRP It currently ranks as the 6th largest cryptocurrency in the world with a market capitalization of approximately $70.79 billion.
Interestingly, CoinGlass spot flow data shows that investors are steadily withdrawing their funds. $XRP From the exchange. In the past 7 days, investors have invested $30.38 million worth of $XRP From a trading platform. Additionally, they withdrew a total of $147.5 million over the past month, according to CoinGlass data.
These consistent outflows suggest more investors are on the move. $XRP Rather than storing it on an exchange for trading, you will hold it for the long term.
