XRP's KRW trading pair has become the most traded market on Upbit, with about $110.9 million in volume over 24 hours, surpassing Bitcoin's $88.6 million and Ether's $67 million. On Bithumb, XRP/KRW ranked second with about $41 million. This pattern is familiar in South Korea, where XRP often leads volume during periods of heightened interest, frequently preceding volatility expansion. However, price action has remained muted, with XRP trading near $1.44-$1.45, up 3% on the week. The token is battling the $1.49-$1.50 resistance zone, a level that has repeatedly rejected upside attempts since February. The volume surge amid price compression suggests potential breakout pressure, but high volume could also indicate aggressive selling or late positioning near resistance. This activity stands out against a choppy local macro backdrop, where South Korea's Kospi fell after comments on tax policy, indicating concentrated risk appetite in XRP rather than broad market buying.

Key facts

• XRP/KRW was the top traded pair on Upbit with $110.9M volume in 24 hours.
• On Bithumb, XRP/KRW ranked second with $41M volume, ahead of BTC and ETH.
• XRP price remained muted at $1.44-$1.45, up 3% on the week.
• Token is battling $1.49-$1.50 resistance that has rejected attempts since February.
• Korean activity concentrated in XRP despite broader market macro sensitivity.

KeyAudit data perspective