In a surprising yet impressive twist of market dynamics, XRP has taken the lead in the Korean crypto market, emerging as the top-traded coin in the KRW (Korean Won) trading pairs, according to the latest data by CoinGecko, reported via BlockBeats.
Within the last 24 hours alone, Upbit, South Korea's leading cryptocurrency exchange, saw a massive trading volume of $3.147 billion โ and the majority spotlight went to XRP/KRW, which held a 14.05% market share translating to $440 million in volume. This positions XRP far ahead of giants like Ethereum in one of Asia's most active trading zones.
Letโs dive into the full market breakdown, the possible reasons behind this surge, and what it could mean for XRP in the coming days.
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๐ Top Traded KRW Pairs on Upbit (24h Data)
Rank Pair Market Share Trading Volume
1๏ธโฃ XRP/KRW 14.05% $440 million
2๏ธโฃ ETH/KRW 8.24% $258 million
3๏ธโฃ GLM/KRW 5.02% $157 million
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๐ Why Is XRP So Popular in South Korea?
There are a few key reasons that explain why XRP is capturing such high demand among Korean traders:
1. Rippleโs Ongoing Legal Clarity
XRP has gained more confidence in Asian markets following partial legal victories in the U.S. against the SEC. As clarity increases, especially on institutional use cases and utility-based narratives, investors are showing renewed interest in the asset.
2. Favorable Korean Retail Sentiment
Korean retail traders are known for fast-paced, speculative trading with high liquidity. XRPโs historical volatility and rapid movement make it a favorite among such traders, especially in short-term trades.
3. Strong Local Support
XRP has historically maintained a strong Korean fanbase, and Korean crypto forums and social media often display high engagement around Ripple-related updates, partnerships, and speculation.
4. Lower Unit Price Appeal
Psychologically, retail investors often prefer buying coins that appear "cheap" per unit. Since XRP trades at a lower price compared to ETH or BTC, it attracts more small-cap traders looking for big percentage gains.
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๐ What About Ethereum and GLM?
Though XRP took the lead, Ethereum (ETH/KRW) still had a significant presence with $258M in 24-hour volume and an 8.24% share of the KRW market. This reflects the coinโs long-term trust and ecosystem strength, especially amid rising interest in Ethereum-based staking and layer 2s.
Interestingly, GLM (Golem Network) took third place with a 5.02% share and $157M volume, marking a notable rise for a lesser-known altcoin. Golemโs recent tech announcements and low-cap appeal may be drawing fresh attention from speculative Korean traders.
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๐ What This Means for XRP Going Forward
This spike in XRP volume on Koreaโs largest exchange suggests renewed global momentum building around Ripple. Hereโs why this matters:
Liquidity Boost: Higher volume = easier to buy/sell large positions
Price Action Fuel: More interest often precedes bigger moves in either direction
Retail & Institutional Interest: This data may catch the eye of international whales watching Korean markets
Potential Listings & Utility: Positive sentiment may inspire more exchanges to feature XRP-focused trading tools and payment rails
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๐ฎ Price Prediction Implications
While this report is volume-focused, it's impossible to ignore the bullish undertones that come with such dominance in a top market like South Korea. XRP trading this heavily โ especially with rising volumes โ often aligns with upcoming volatility, which could lean bullish if buying pressure sustains.
Traders and investors should keep an eye on:
Major resistance levels for XRP (currently around $0.65โ$0.70)
On-chain metrics like wallet activity and transaction volume
Rippleโs regulatory headlines and institutional updates
Whether this KRW trend continues over the next week
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โ Final Thoughts: XRP's Korean Comeback is Real
The data doesnโt lie โ XRP is back in the driverโs seat, at least in South Korea. With a $440M volume lead over ETH and other altcoins, itโs clear that Korean traders are betting on XRPโs future with full force.
Whether this will lead to a global price breakout or remain a localized trading phenomenon, only time will tell. But for now, one thing is certain:
> ๐ฅ XRP has reclaimed the spotlight โ and the Korean market is watching closely.
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