XRP Dominates Upbit, Outpacing BTC and ETH in Spot Market Surge
Market analyst Xaif Crypto reports XRP is surging on Upbit, South Korea’s top crypto exchange, drawing strong interest from both retail and institutional traders.
In the past 24 hours, XRP’s spot volume hit $387 million, outpacing even Bitcoin (BTC) and Ethereum (ETH), highlighting growing and robust demand in Korea.
XRP’s surge on Upbit highlights growing investor confidence, driven by its standout ability to deliver fast, cost-efficient cross-border transactions. This unique utility continues to attract traders and businesses seeking liquidity and efficiency in the blockchain space.
Xaif Crypto highlights that XRP’s recent volume surge on Upbit reflects genuine market activity, not mere speculation.
Dominating South Korea’s crypto market, a historically influential hub, XRP’s trading strength signals potential short-term momentum and positions it to attract global attention from liquidity-seeking investors.
XRP at $3: Bulls and Bears Lock Horns at Key Resistance
According to market commentator Kate Wilson, XRP is once again testing the $3 level, a psychological and technical barrier that has become a battleground between bullish and bearish forces.
After a steady recovery from $2.85–$2.90, buyers are showing renewed confidence, signaling a potential breakout. Yet historical price action reminds traders that $3 has consistently acted as a formidable resistance point.
XRP’s recent momentum reflects growing interest from retail and institutional participants alike. The token has demonstrated resilience amid broader market fluctuations, reclaiming critical levels after brief pullbacks.
Wilson highlights that the $2.85–$2.90 range now serves as a solid springboard, allowing bulls to attempt multiple pushes toward the $3 mark.
Notably, the $3 mark is more than a round number, it’s a critical resistance point. Historical charts show previous attempts above this level triggered strong selling, creating a classic “tug-of-war” between bulls and bears.
Short-term gains often stall, leading to consolidation before a decisive breakout. Wilson notes that while bulls currently lead, surpassing and holding above $3 will demand higher volume and sustained optimism.
She added, “A clean daily close above $3 could reignite a rally, while failure to hold above $2.85–$2.90 may push XRP back into its consolidation range. In short, XRP is at a critical juncture, a breakout could lead to major upside, but bears are ready to defend. Traders, eyes on $3.”
At the time of this writing, XRP was trading at $3, representing a 2.2% increase in the past 24 hours, showing that the 3rd-largest cryptocurrency is at a critical juncture.
Conclusion
As XRP continues to dominate Upbit, market watchers are keen to see whether the momentum can extend to other major exchanges.
With $387 million in daily spot volume and the $3 level acting as a tug-of-war point, XRP is currently at the forefront of the cryptocurrency conversation. For those tracking market trends, this surge is a clear reminder that XRP is not just competing, it is leading the charge.
Source: https://coinpaper.com/10983/xrp-roars-with-387-m-on-upbit-3-turns-into-a-bull-and-bear-tug-of-war