XRP (XRP-USD) is stealing the show in South Korea, with trading volumes on UpBit and Bithumb dwarfing those of Bitcoin (BTC-USD) and Ethereum (ETH-USD). According to CoinDesk, XRP saw over $800 million in trading volume within 24 hours, far surpassing Bitcoin’s activity, which was less than half that amount. This surge isn’t just noise—it often hints at impending price volatility.
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High Volume Signals Possible Market Moves
Increased trading volume is frequently a prelude to significant price action. Some traders see it as a sign of an upcoming breakout, while others caution it could signal a peak or trough. XRP’s dominance in South Korean markets is no surprise—local traders are known for driving intense rallies that influence global crypto prices.
Political Tensions Add Fuel
This spike coincides with political unrest, as a South Korean court issued an arrest warrant for President Yoon Suk Yeol over his controversial martial law decision. Political drama often impacts XRP locally, as CoinDesk analysis highlights.
At the time of writing, XRP is sitting at $2.0786.
