XRP has taken the lead in trading volumes on South Korea’s largest crypto exchanges, surpassing even Bitcoin. In the past 24 hours, XRP’s trading volume against the won reached over $800 million. On UpBit, XRP saw $600 million in volume, while on Bithumb, it was over $200 million. Bitcoin’s trading volume on these platforms was less than half of XRP’s. Other cryptocurrencies like Dogecoin and Ether had significantly lower volumes, only reaching a tenth of XRP’s demand. High trading volumes often signal potential price volatility, as they can indicate market anticipation of significant developments. This surge in XRP’s popularity among South Korean traders could influence its price, especially given the country’s history of driving euphoric rallies in token prices.
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