XRP News Today: XRP Records $1 Billion Net Inflow in One Hour on Upbit

XRP, the cryptocurrency associated with Ripple, achieved a historic milestone by recording its first-ever net inflow exceeding $1 billion within a single hour. This remarkable event took place on July 11, 2025, at 3:27 PM UTC, as noted by prominent community member Chad Steingraber. The net inflow of $2.16 billion on Upbit, the largest crypto exchange in South Korea, was accompanied by a total trading volume of $9.11 billion in just one hour. These figures are particularly noteworthy, as such high volumes are typically observed only during major Bitcoin rallies.

Steingraber, who is both a game developer and a well-known XRP advocate, has been closely monitoring the exponential growth in XRP's inflows and volume on Upbit over the past few days. The previous high for XRP was recorded on July 7, 2025, when it hit $1.98 billion in hourly volume and $1.58 billion in net inflow on the same exchange. The recent data indicates that the momentum behind XRP is not just a temporary trend but a sustained surge driven by significant capital movements.

Crypto analyst XForceGlobal, a certified Elliott Wave expert, has observed that XRP is currently seeing more volume in Korean markets than both Bitcoin and Ethereum combined. This indicates that XRP has become the dominant cryptocurrency in Korean trading desks. XForceGlobal also noted that the current volumes exceed those seen in December 2024, when XRP briefly spiked above $3. This surge in volume is attributed to the increasing interest and activity from Korean retail traders, who are believed to be driving the demand for XRP.

However, some analysts, including Steingraber, suggest that the capital movement behind this surge is more likely to be institutional in nature. The transfer of millions of XRP across Upbit’s wallets hints at the involvement of Ripple Payments, formerly known as ODL. This institutional involvement could be a significant factor in the sustained growth of XRP's net inflows and volume.

Order book expert Dom also provided insights, pointing out that Upbit alone was responsible for nearly $13 million of XRP buys within an hour, out of a global total of $30 million. The recent rally to $2.80, which represents an 8% increase in the past 24 hours, was heavily driven by Korean market activity. This aligns with the explosive inflow data tracked by Steingraber, further emphasizing the role of the Korean market in XRP's recent performance.

In summary, XRP's first-ever $1 billion net inflow in a single hour is a historic event that underscores the cryptocurrency's growing popularity and institutional interest. The Korean market, particularly Upbit, has played a crucial role in this surge, with both retail and institutional investors contributing to the unprecedented volume and inflows. As XRP continues to gain traction, it remains to be seen how this momentum will sustain and evolve in the coming days and weeks.