$XRP outperformed both Bitcoin and Ethereum in daily trading activity on South Korea’s largest crypto exchange, Upbit, highlighting its continued appeal among local traders.
Over the past 24 hours, Upbit recorded a total trading volume of $493.74 million. During this period, $XRP led all assets with $52.33 million in trades, accounting for nearly 10% of total exchange activity.
By contrast, Bitcoin posted $42.14 million in volume, representing 8.54% of the total. Meanwhile, Ethereum followed with $24.3 million, or 4.92% of overall trading activity.
Notably, the data shows that $XRP maintained a clear lead over the two largest cryptocurrencies by market cap on the exchange during the reporting window.
South Korean Traders Continue to Favor $XRP
Beyond the latest figures, $XRP’s strong performance on Upbit reflects a broader and persistent trend in South Korea’s crypto market.
Earlier this year, $XRP trading activity on Upbit surged sharply, including a notable 289% spike in volume within a single hour. During the same period, Binance recorded a smaller 128% increase, underscoring the intensity of Korean market participation.
In addition, large-holder activity has reinforced this demand. In May, an unknown investor withdrew 6.3 million $XRP from Upbit. Around the same time, on-chain data showed whales moving $135 million worth of $XRP off exchanges within a week, a pattern often associated with long-term accumulation.
Overall, $XRP’s ability to outperform Bitcoin and Ethereum on Upbit highlights its unusually strong foothold in South Korea’s trading ecosystem.
$XRP Extends Recovery After Market Sell-Off
Meanwhile, $XRP continues to recover from last month’s broader market downturn, which briefly pushed its price down to $1.01.
Since then, $XRP has rebounded to around $1.14, marking a 12.87% gain. Despite this recovery, global trading activity has cooled, with $XRP’s overall volume falling 31% over the past 24 hours to about $1.21 billion.
Nonetheless, momentum remains cautiously positive. $XRP has climbed 0.23% over the past day and roughly 9.5% over the past week, as buyers gradually re-enter the market. $XRP currently ranks as the sixth-largest cryptocurrency globally, with a market cap of about $70.79 billion.
Interestingly, spot flow data from CoinGlass shows that investors are steadily withdrawing $XRP from exchanges. Over the past seven days, investors have removed $30.38 million worth of $XRP from trading platforms. In addition, they have pulled a total of $147.5 million over the past month, according to CoinGlass data.
These consistent outflows suggest that more investors are moving $XRP into long-term holdings rather than keeping it on exchanges for trading.