"Korea's largest crypto exchange, the XRP/KRW pair recorded around $110.9 million in 24-hour trading volume-ahead of Bitcoin's $88.6 million and Ether's $67 million, per CoinGecko data. XRP topped Bitcoin by roughly 25% in that window."
"However, the same scenario played out on another Korean exchange, Bithumb. XRP/KRW recorded $41 million in 24-hour volume on Korea's second-largest exchange, second only to Tether and ahead of both Bitcoin and Ethereum."
"The strange part is that all that volume hasn't moved the . XRP is trading around $1.45 right now, down 0.3% on the day and up around 3% on the week. It's still stuck under the $1.49-$1.50 resistance that's rejected every breakout attempt since February."
"Korea's Financial Services Commission restricts crypto exchanges to spot trading only-no derivatives, margin, or options. That's why $110 billion in crypto left South Korea in 2025-Korean traders went offshore to access futures. The ones who stayed needed an asset that moves enough on its own to feel like a leveraged play. XRP fits the bill: deep order books, tight spreads, fast settlement, and enough volatility to give retail traders the s"
XRP has surpassed Bitcoin in 24-hour trading volume on Korea’s largest crypto exchange, with XRP/KRW reaching about $110.9 million versus Bitcoin’s $88.6 million and Ether’s $67 million. A similar pattern appears on Bithumb, where XRP/KRW volume is about $41 million, ahead of both Bitcoin and Ethereum. Despite this strong spot activity, XRP price has barely changed, trading around $1.45 and down slightly on the day while up modestly on the week. The price remains below the $1.49–$1.50 resistance level that has rejected breakouts since February. Korean retail traders favor XRP because spot-only rules limit leverage and derivatives, making XRP’s liquidity and volatility feel like a leveraged alternative.
Read at 24/7 Wall St.
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