Upbit Sees XRP Trading Surge in Korean Market

Upbit Exchange reported $3.20 billion in 24-hour trading volume, with XRP/KRW leading at 14.04%, amid heightened Korean market activity on July 25-26, 2025.

This surge signifies significant trading interest and market movements in Korea, potentially impacting global crypto dynamics and price discovery.

XRP Drives $3.196 Billion Spike at Upbit

The XRP/KRW trading pair highlighted a $3.196 billion surge in 24-hour trading volume at Upbit, accounting for 14.04% and establishing dominance in the Korean won market. Key assets, including CKB, ENA, and STRIKE, followed in activity.

The implications are critical as XRP dominates nearly 20% of its circulating supply within the Korean spot market, illustrating significant retail participation. Reports have noted volatile trading and potential market-making actions driving these high volumes.

Market observers reacted with attention to Korea’s substantial role in XRP activity, with figures like Chad Steingraber and XForceGlobal confirming intense trading. However, direct statements from Ripple Labs’ executives have not yet been found or confirmed.

Korean Market’s Role in XRP’s Global Influence

Did you know? The XRP surges on Upbit have mirrors in past events, like December 2024’s $3.8 billion surge in a single day, pointing to persistent Korean market influences.

CoinMarketCap’s current data shows XRP priced at $3.18, with a market cap reaching $188.63 billion. Recent trends indicate a 46.54% price increase over 30 days, signifying continued interest. The trading volume saw a $6.27 billion decrease by 35.11%, underscoring high trading volatility.

Experts from Coincu have noted the Korean market’s unique position potentially affecting XRP’s trajectory. The combination of local spot market dynamics and a lack of international regulatory response may lead to sustained trading fluctuations, maintaining Korean-led surges in cryptocurrency volumes.