XRP tops bitcoin, ether volumes on major South Korean exchanges

📄Full Article· Automatically extracted by trafilatura3933 words

XRP tops bitcoin, ether volumes on major South Korean exchanges XRP/KRW was the most traded pair on Upbit and second on Bithumb, a familiar Korean market signal that has often preceded sharper moves in the token. What to know: - XRP has surged to the top of South Korean crypto trading, leading volumes on Upbit and ranking near the top on Bithumb, even ahead of bitcoin and ether in key pairs. - Despite the volume spike, XRP’s price has moved only modestly, trading around $1.44 to $1.45 and repeatedly failing to break through the $1.49 to $1.50 resistance zone since February. - The concentration of Korean trading in XRP, against a backdrop of a volatile local stock market and cooling risk appetite, suggests investors are targeting a familiar high-beta crypto asset rather than broadly chasing risk. XRP is back at the top of South Korean trading screens. The token’s won pair was the most traded market on Upbit over the past 24 hours, with about $110.9 million in volume, ahead of bitcoin’s $88.6 million and ether’s $67 million, CoinGecko data shows. On Bithumb, XRP/KRW recorded about $41 million in volume, ranking second behind USDT/KRW and above both BTC/KRW and ETH/KRW. That matters because Korea has long been one of XRP’s most active speculative markets. Bitcoin and ether usually dominate global exchange activity, but Korean traders have repeatedly pushed XRP into the top volume slot during periods of heightened interest, often before volatility expands. Price-action has been muted, however. XRP traded near $1.44 to $1.45 across the two exchanges, up roughly 3% on the week. That beats bitcoin over the same period, but trails stronger gains in BNB and Solana’s SOL, both of which have risen around 8%. The setup is less about a finished breakout and more about pressure building under a level the market has not been able to clear. Data from CoinDesk analytics shows XRP is still battling the $1.49 to $1.50 zone, an area that has repeatedly rejected upside attempts since February. The token has continued to compress below that resistance while holding higher lows above the broader $1.40 support floor. That kind of structure tends to matter when volume starts rotating in. Repeated tests can weaken resistance, and liquidity above current levels appears relatively thin. If sellers are absorbed near $1.50, a sustained move through that level could accelerate faster than the recent price action suggests. Korean activity also stands out against a choppier local macro backdrop. South Korea’s Kospi fell sharply Tuesday after comments from a presidential policy aide raised questions over how the government could return part of the country’s AI-driven corporate gains to citizens through tax revenue. The index remains one of the world’s strongest markets this year, powered by Samsung Electronics and SK Hynix, but the pullback showed how sensitive local risk appetite has become after a steep rally. That makes the XRP flow more notable. Traders are not simply buying everything tied to Korean risk appetite. They are concentrating activity in one of the market’s most familiar high-beta crypto names. High volume does not guarantee upside, however. It can also mark aggressive selling or late positioning near resistance. But when XRP starts leading Korean exchange volumes while price compresses below a long-tested ceiling, the market usually pays attention. More For You BTC is fighting a technical battle as it trades just below two closely watched long-term trend indicators: the 200-day Simple Moving Average and the 200-day Exponential Moving Average. What to know: - Bitcoin is trading just below the 200-day SMA of $82,455 and the 200-day EMA at $82,027, forming a major resistance zone that could determine whether the long-term uptrend resumes. - The 200 SMA and 200EMA form a confluence resistance zone around $82,000–$82,500 that bitcoin must convincingly reclaim to signal a recovery...

Data Status✓ Full text extractedRead Original (CoinDesk)

🔍Historical Similar Events· Keyword + Asset Matching6 items

2026-05-11

XRP spikes 2.5%, beating bitcoin and ether, in breakout above $1.45

2026-04-17

XRP leads bitcoin and ether on weekly gains, but muted volume keeps breakout in check

2026-05-13

Bitcoin vs XRP: Ripple CTO Reveals the Fatal Incentive Flaw in BTC

2026-05-11

XRP Bulls Drive Token Above $90B Market Cap as Bitcoin Retakes $82,000

2026-05-08

Bitcoin Supply Shock: 100,000 BTC Vanish From Exchanges In Under 90 Days