XRP surpassed Bitcoin and Ethereum in trading volume on Upbit, South Korea's largest cryptocurrency exchange, posting $52.33 million in 24-hour volume compared to Bitcoin's $42.14 million and Ethereum's $24.30 million. The surge reflects Korean retail investors in their 40s and 50s rotating capital from domestic and US equities into cryptocurrency, with XRP as the primary target, according to Ryan Yoon, analyst at Tiger Research. South Korea now accounts for roughly 15% of all global XRP trading volume, and Upbit disclosure shows XRP was the exchange's most-traded asset by cumulative volume in 2025, clearing over $1 trillion and surpassing Bitcoin's total.
XRP Captures 10% of Upbit Daily Trading Flow
XRP represented approximately 10% of Upbit's entire $493.74 million daily trading flow, placing Bitcoin and Ethereum in second and third positions on the exchange. Despite the volume dominance, XRP traded around $1.13, down about 1.4% during the same period.
Whales Withdrew 6.3 Million XRP from Upbit in May
One unidentified investor withdrew 6.3 million XRP from Upbit in a single transaction in May. Whales moved $135 million worth of XRP off exchanges in a week. Net XRP outflows reached $30.38 million over the past week and $147.50 million over the past month.
Global XRP Volume Declined 31% in Same Period
Global XRP trading volume fell 31% to approximately $1.21 billion during the same 24-hour window. Spot XRP ETFs posted their first net outflow in weeks on June 30, despite approximately $1.2 billion in cumulative inflows since launch.
XRP Recovered 13% from $1.01 Bottom Last Month
XRP bottomed at $1.01 during last month's selloff and recovered roughly 13% to $1.14, representing an increase of about 8% on the week. The token holds a $77 billion market cap and ranks sixth globally. XRP reclaimed the $1.10 level and its monthly RSI recently reached the most oversold reading in its history. The $1.14 to $1.15 zone represents the next technical level, with resistance at $1.18 to $1.20 marking the top of a 12-month downtrend.
FAQ
Why did XRP surpass Bitcoin and Ethereum in trading volume on Upbit?
XRP posted $52.33 million in 24-hour trading volume on Upbit compared to Bitcoin's $42.14 million and Ethereum's $24.30 million, driven by Korean retail investors in their 40s and 50s rotating capital from domestic and US equities into cryptocurrency, according to Ryan Yoon, analyst at Tiger Research.
What do whale movements indicate about XRP accumulation?
One investor withdrew 6.3 million XRP from Upbit in May in a single transaction, and whales moved $135 million worth off exchanges in a week. Net XRP outflows totaled $30.38 million over the past week and $147.50 million over the past month, indicating coins moving into cold storage rather than being sold on order books.
What are the key technical levels for XRP price movement?
XRP recovered from a $1.01 bottom last month to $1.14, reclaiming the $1.10 support level. The $1.14 to $1.15 zone represents the next test, with resistance at $1.18 to $1.20 marking the top of a 12-month downtrend.
