Cryptocurrency exchange Upbit recorded $3.2 billion in XRP trading volume today, representing 15.15% of its total daily trading activity. This exceptional surge underscores South Korea’s critical position as a global liquidity hub for XRP and highlights its persistent influence in cryptocurrency markets.
Market analysts note the trading volume significantly exceeds typical levels but caution that concurrent global fund outflows may limit immediate price surges. XRP currently trades at $3.41 with a $202 billion market capitalization, reflecting a robust 61.23% gain over the past 90 days despite recent market volatility.
South Korea’s tightly regulated cryptocurrency framework could shape future trading conditions and liquidity patterns. The unprecedented volume spike signals heightened institutional interest while emphasizing how regional dynamics impact global crypto markets.