Brett (@Brett_Crypto_X), a well-known cryptocurrency influencer, highlighted XRP’s dominant position on Upbit, the largest crypto exchange in South Korea. He shared an image showing that XRP/KRW was the most traded pair on the platform, leading with 21.99% of the total trading volume.
$XRP IS THE MOST TRADED CRYPTO ON KOREAN EXCHANGE
Upbit's 24-hour trading volume hit $17.12B, with $XRP/KRW leading at 21.99%. Other top pairs: WAL, BTC, GAME, and LAYER. pic.twitter.com/eftlOTRIon
— Brett (@Brett_Crypto_X) April 1, 2025
XRP’s Position on Upbit
According to Brett, the exchange recorded a 24-hour trading volume of $17.12 billion, with XRP/KRW taking the largest share. Other top trading pairs included WAL, BTC, GAME, and LAYER. The strong demand for XRP in South Korea is evident, with traders actively engaging with the asset.
Community members reacted to the news with enthusiasm. One user noted that “Korea clearly loves XRP,” while another expressed confidence in its long-term value, predicting a price of $10 by year-end. One investor speculated that April could bring further gains.
However, others pointed out that despite the high trading volume, XRP’s price movement remained relatively modest. Despite the increased attention, XRP is trading at $2.15 after a massive drop within the week. While the asset is up 3.4% from yesterday, it is down more than 12% from last week.
Factors Driving XRP’s Popularity in Korea
The reason behind XRP’s strong presence in South Korea remains a topic of interest. Historically, South Korean traders preferred XRP due to its liquidity, utility in cross-border payments, and presence on major domestic exchanges.
It was revealed in early 2024 that South Korean traders held 15% of the asset’s circulating supply. Regulatory clarity and strategic partnerships involving Ripple may also contribute to this high level of interest.
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Market Outlook for XRP
Despite leading in volume, XRP’s price has not experienced a dramatic surge. While some investors remain optimistic, others have expressed concerns that increased trading activity is not yet translating into higher valuations. Still, continued interest from South Korean traders suggests that the digital asset remains a key asset in the region’s crypto landscape.
Additionally, Ripple recently partnered with BDACS, the only institutional-grade digital asset custody service in Korea. The company’s expansion into the South Korean market through key partnerships has helped the digital asset’s reputation and could help it recover from the recent downturn as adoption grows.
With market attention focused on performance, April could be a pivotal month for the asset. Whether it sees substantial price growth or continues to consolidate, its dominance on Upbit shows its relevance in the global cryptocurrency market.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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