XRP has once again reasserted its dominance in the Asian crypto markets, with South Korea at the center of this surge.
According to a recent post by crypto analyst Xaif on X, XRP recorded over $549 million in 24-hour trading volume on South Korean exchange Upbit .
This figure accounts for an impressive 17.1% of the total global crypto market volume, estimated at $3.21 billion during the same period.
Such an overwhelming share reflects not only the regional enthusiasm for XRP but also suggests a larger market move may be on the horizon.
Upbit Dominates Global XRP Trading The trading frenzy on Upbit wasn’t just notable, it was record-breaking.
In just one hour, Upbit processed nearly $1.94 billion in XRP trades, eclipsing volumes seen on global giants like Binance and Coinbase. #XRP leads Asia again! $549M+ in 24h volume on Upbit Total market volume: $3.21B XRP alone makes up 17.1% of the entire volume! Asia’s about to pump — are you ready? pic.twitter.com/iDfE1eEJtK — 𝕏aif | (@Xaif_Crypto) July 16, 2025 This phenomenon has placed South Korea’s crypto traders in the global spotlight, signaling that Asia, particularly the Korean market, may once again be primed to trigger a broader altcoin rally.
While previous surges have often seen Bitcoin at the forefront, XRP is currently stealing the show.
On-chain data and exchange statistics indicate that this volume was not merely the result of wash trading or bots.
Significant XRP inflows onto Upbit, at a time when many other global exchanges recorded net outflows, point to genuine demand from Korean investors.
This influx is often interpreted by analysts as a bullish sign, especially when it contrasts with outflows elsewhere in the world, hinting at accumulation rather than distribution.
Muted Price Reaction Despite Massive Volume Despite the overwhelming trading activity, XRP’s price response has been relatively impressive.
Following the volume spike, XRP touched highs around $3 mark before slight dip to current $2.95. This muted movement raises questions among traders who expected more dramatic price appreciation given the scale of the volume.
However, this price behavior may be explained by global resistance, while Korean traders are buying, others are using the opportunity to sell, thus stalling XRP’s upward momentum.
This scenario paints a classic picture of regional divergence: Asian markets, especially in South Korea, appear bullish, while the broader global market remains cautious.
This dichotomy might serve as a prelude to a larger breakout, should the Asian buying pressure continue to build and global selling diminish.
We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Underlying Catalysts and Market Sentiment Several factors are fueling XRP’s resurgence in Asia.
Ripple’s legal battle with the U.S.
Securities and Exchange Commission (SEC) appears to be nearing its final chapter, and sentiment is building around a favorable outcome for the company.
At the same time, Ripple’s continued push into institutional finance through initiatives like its stablecoin RLUSD and the expansion of XRPL’s features, such as EVM compatibility and native stablecoin support, has renewed developer and investor confidence.
Institutional interest is also rising.
The addition of XRP to diversified funds, speculation around exchange-traded products, and hints at regulatory clarity in jurisdictions outside the U.S. have added to the asset’s appeal.
As these developments converge, Asia seems to be leading the pack in recognizing XRP’s potential.
Asia Sets the Tone for What Comes Next XRP’s overwhelming trading volume on Upbit is not an isolated anomaly; it’s a signal.
When a single asset captures over 17% of total crypto trading volume globally, it’s clear that regional sentiment has reached a boiling point.
As Xaif pointed out, “Asia’s about to pump,” and all eyes are now on whether this regional lead will trigger a global follow-through.
If XRP maintains its dominance and capital inflows persist, the current quiet consolidation could soon erupt into the next major move.
The question is no longer whether XRP is leading Asia ; it’s whether the rest of the world is ready to follow.
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