XRP is becoming the center of attention in the South Korean market as it surpasses Bitcoin in trading volume on Upbit, the country’s largest cryptocurrency exchange. Recent data shows XRP repeatedly topping Upbit’s trading leaderboard, including a period recording about $418.9 million in volume over 24 hours—higher than Bitcoin, USDT, and Ethereum.
South Korean retail flow
XRP’s dominance on Upbit indicates that a fairly large share of capital is being concentrated in this token in the South Korean market. Previously, the XRP/KRW pair accounted for around 21.86% of total trading activity on Upbit, with volume of about $319 million in a day.
Notably, this is not entirely a new phenomenon. XRP has several times surpassed Bitcoin in trading volume on Upbit throughout 2026, suggesting a relatively high level of interest among South Korean traders in this asset.
Price movement
XRP has rebounded strongly alongside the cryptocurrency market. Upbit data shows XRP/KRW rose 7.66% on September 21, from 1,929 KRW to a closing level of 2,079 KRW, before a slight correction during the September 22 session. Trading volume on September 21 reached approximately 238.7 million XRP, significantly higher than many prior sessions.
Meanwhile, Bitcoin is also rebounding strongly, breaking above $86,000 on September 21 and recording an increase of about 7% compared with the end of the prior week.
Therefore, XRP leading volume on Upbit reflects a substantial rise in trading activity in South Korea, but it is not enough to conclude that this retail flow will continue long-term.
South Korean retail flow
XRP’s dominance on Upbit indicates that a fairly large share of capital is being concentrated in this token in the South Korean market. Previously, the XRP/KRW pair accounted for around 21.86% of total trading activity on Upbit, with volume of about $319 million in a day.
Notably, this is not entirely a new phenomenon. XRP has several times surpassed Bitcoin in trading volume on Upbit throughout 2026, suggesting a relatively high level of interest among South Korean traders in this asset.
Price movement
XRP has rebounded strongly alongside the cryptocurrency market. Upbit data shows XRP/KRW rose 7.66% on September 21, from 1,929 KRW to a closing level of 2,079 KRW, before a slight correction during the September 22 session. Trading volume on September 21 reached approximately 238.7 million XRP, significantly higher than many prior sessions.
Meanwhile, Bitcoin is also rebounding strongly, breaking above $86,000 on September 21 and recording an increase of about 7% compared with the end of the prior week.
Therefore, XRP leading volume on Upbit reflects a substantial rise in trading activity in South Korea, but it is not enough to conclude that this retail flow will continue long-term.