XRP News Today: XRP Surpasses BTC and ETH in KRW Trading Volume on Upbit

Generated by AI AgentCoin World
Tuesday, Aug 12, 2025 6:12 pm ET1min read
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Aime RobotAime Summary

- XRP trading volumes on Upbit surged due to strong Asian demand, capturing 14.05% of KRW market share.

- XRP outperformed BTC and ETH in KRW trading activity, with $440M 24-hour volume on the exchange.

- Historical patterns show XRP dominates Korean fiat pairs, often preceding price volatility and global market shifts.

- Asian traders' preference shift toward XRP over BTC/ETH in KRW pairs may reshape long-term fiat trading dynamics.

XRP trading volumes on the Korean exchange Upbit have surged due to strong demand in Asian markets, with the XRP/KRW pair capturing a 14.05% share of the KRW cryptocurrency market [1]. This represents a significant shift in liquidity, as

XRP
outperformed both
Bitcoin
(BTC) and
Ethereum
(ETH) in terms of KRW trading activity during the period [1]. The 24-hour trading volume for XRP reached $440 million, highlighting the asset’s growing appeal among regional traders [1].

The increased activity on Upbit has been attributed to concentrated liquidity flows in the Asian market, where strategic trading interest appears to be driving short-term demand for XRP [1]. This trend suggests that XRP is being positioned as a preferred asset over traditional leaders in the KRW market, reinforcing its role in shaping regional order flow and liquidity dynamics [1].

Historically, XRP has shown a tendency to dominate Korean trading cycles, with liquidity clustering around fiat pairs such as KRW. These patterns have often been followed by periods of price volatility, indicating that regional interest can have broader implications for the asset’s price movements [1]. The current surge in XRP trading activity appears to align with these historical trends, suggesting that the asset’s performance on Asian exchanges may continue to influence its global trading footprint [1].

The dominance of XRP in the KRW market also reflects a broader shift in asset preference among Asian traders. While BTC and ETH remain major players in global markets, their relative performance in the KRW pair has been outpaced by XRP, signaling a change in regional trading behavior [1]. This liquidity shift could have long-term implications for how XRP is traded and valued against fiat currencies, especially in markets where Korean won remains a key trading pair [1].

Source: [1] Asian Market Spurs XRP Volume Surge on Upbit (https://coinmarketcap.com/community/articles/689bb938f5c8bb5c385fcbe3/)