XRP News Today: XRP Surpasses Bitcoin, Captures 16.04% of South Korea’s Upbit Trading Volume

XRP has surged to the forefront of trading activity on South Korea’s Upbit exchange, capturing over $564 million in 24-hour trading volume and representing 16.04% of the platform’s total $3.52 billion daily trade, according to multiple reports [1][2]. This marks a significant milestone, as the XRP/KRW trading pair outpaced Bitcoin, Ethereum, and other major cryptocurrencies, highlighting sustained regional interest in the asset amid volatile market conditions. The dominance underscores South Korea’s role as a key liquidity hub in the global cryptocurrency ecosystem, with Upbit, the country’s largest exchange, amplifying the significance of XRP’s performance [3].

The surge reflects broader patterns of Korean traders’ consistent support for XRP across major domestic exchanges, including Upbit, Bithumb, and Korbit. XRP’s utility in cross-border transactions and its historical alignment with local market sentiment have contributed to its appeal. While the exact catalysts for the recent volume spike remain unclear, analysts note that Korean trading activity often correlates with regulatory developments, community-driven speculation, and arbitrage opportunities between KRW and USD pairs [4].

XRP’s price, currently at $0.736 with a $39.2 billion market capitalization, has remained relatively stable despite broader altcoin corrections, recording a modest 0.98% decline in 24 hours. The cryptocurrency’s resilience, coupled with its strong volume on Upbit, suggests broad-based participation from both retail and institutional traders rather than isolated large transactions [5]. This dynamic has historically positioned Korean exchanges as significant price discovery venues for XRP, often influencing global trading patterns through arbitrage and liquidity shifts [6].

The event highlights South Korea’s growing influence in crypto markets. Upbit’s leadership in the region, combined with the exchange’s role in fostering innovation-friendly policies, has created an environment conducive to XRP’s adoption. While Bitcoin maintained a larger overall trading volume ($56 billion reported separately), its 24-hour share on Upbit was eclipsed by XRP, signaling a shift in regional preferences [7].

The implications extend beyond South Korea. As Korean exchanges drive liquidity and price discovery, XRP’s performance on Upbit may serve as an indicator of broader market sentiment. The sustained interest in XRP, despite macroeconomic headwinds, underscores its appeal as a low-cost, high-speed solution for cross-border payments, aligning with global demand for efficient financial infrastructure [8].

Source:

[1] [XRP Dominates Trading Volume on South Korea’s Upbit](https://www.cryptotimes.io/2025/07/28/xrp-dominates-trading-volume-on-south-koreas-upbit/)

[2] [XRP/KRW Surpasses Ethereum on Upbit with 14.05% ...](https://www.ainvest.com/news/xrp-news-today-xrp-krw-surpasses-ethereum-upbit-14-05-volume-share-july-28-2507/)

[3] [Cryptocurrency Live News & Updates : Altcoin Futures ...](https://m.economictimes.com/crypto-news-today-live-28-jul-2025/liveblog/122939448.cms)

[4] [XRP Surpasses Bitcoin as South Korea's Crypto Trading ...](https://cryptorank.io/news/feed/4bd33-xrp-surpasses-bitcoin-as-south-koreas-crypto-trading-favorite)

[5] [XRP to $5? Ripple's Bullish Signals Ignite Price Hype](https://www.bitrue.com/blog/ripple-bullish-signals-ignite-price-hype)

[6] [XRP Dominates Trading Volume on South Korea’s Upbit](https://coinmarketcap.com/community/articles/6887a452fb184a125f70cd3d/)

[7] [Bitcoin Jumps to $119700 as US-China Tariff Talks Resume](https://www.cryptotimes.io/2025/07/28/bitcoin-jumps-to-119700-as-us-china-tariff-talks-resume/)

[8] [XRP Dominates Trading Volume on South Korea’s Upbit](https://coinmarketcap.com/community/articles/6887a452fb184a125f70cd3d/)