XRP Overtakes Bitcoin in Upbit Volume With 113 Million Tokens Traded

XRP News

XRP overtook Bitcoin in trading volume on Upbit, South Korea's largest exchange, recording roughly 113.18 million tokens changing hands over 24 hours. The surge briefly made the altcoin one of the most actively traded assets on the platform, eclipsing the market leader in turnover. Exchange data shows the move coincided with XRP trading near $1.09 on Upbit during the session. Rising volume typically signals broader market participation, and the spike drew immediate attention across Korean crypto channels. Our reading of the flow points to renewed retail demand returning to the fourth-largest cryptocurrency by market value, rather than a passive drift higher.

The volume spike arrived as XRP pushed back above the $1.10 mark, a level that had repeatedly capped earlier recovery attempts. Reclaiming that zone flipped a stubborn ceiling into potential support and improved the token's short-term technical structure. For weeks the region had acted as a barrier, rejecting rallies before buyers could establish control. Holding above it now reinforces expectations of continued accumulation. Our reading of the price action suggests the reclaim matters more than the headline volume figure, because a defended $1.10 floor gives buyers a base from which to attack higher resistance rather than merely defending against another leg lower.

Attention has shifted to the $1.14 to $1.15 band, which traders now frame as the next decisive test. The range combines lingering short-term selling pressure with a widely watched longer-term moving average, creating a dense cluster of resistance. A clean break above it would open room toward higher targets and confirm the recovery has legs. Failure there, by contrast, risks trapping late buyers and inviting a retest of the reclaimed $1.10 support. The zone sits close to where XRP last stalled, making it a natural magnet for both profit-taking and fresh bids as the contest for direction intensifies.

Beneath the volume story, XRP is attempting to build a sequence of higher lows and higher highs, the classic footprint of strengthening momentum. Analysts highlight the pattern as a more constructive setup than the choppy, range-bound action that dominated recent weeks. Each successive low forming above the prior one signals that buyers are stepping in earlier, absorbing supply before sellers regain the initiative. The structure remains fragile and unconfirmed until XRP clears overhead resistance, but its emergence marks a shift in character. For now, the token trades with a firmer tone that contrasts with the caution typical of a bear market.

The episode underscores the outsized role South Korean retail traders continue to play in XRP price discovery. Upbit routinely ranks among the world's busiest venues, and concentrated activity there can amplify moves well beyond what global order books suggest. When XRP turnover outpaced Bitcoin, it signaled that local demand was rotating aggressively into the altcoin rather than the market leader. Such flows have historically preceded sharp, sentiment-driven swings, often accelerated by cross-exchange arbitrage run by automated trading bots. The concentration cuts both ways: the same retail base that fuels rallies can accelerate reversals.

Whether the breakout endures now hinges on sustained demand above former resistance rather than a single volume spike. Momentum-driven surges frequently fade once the initial burst of buying exhausts itself, and XRP has repeatedly failed to convert reclaimed levels into durable support this cycle. Traders are watching for follow-through: consecutive daily closes above $1.10, steady volume rather than a one-day anomaly, and a decisive push through the $1.15 barrier. Absent those confirmations, the risk of a fade back into the prior range remains material, with the token still far below its all-time high. The setup is constructive but unproven.

COINOTAG's proprietary 42-indicator composite scoring engine rates the immediate $1.1524 resistance at 71/100, built on a confluence of the Ichimoku Kijun, R1 pivot and a prior swing high, while the $1.2151 point-of-control zone scores 69/100. On the downside, the $1.1356 support earns a strong 76/100, anchored by the Fibonacci 0.236 retracement, S1 pivot and previous daily close. Derivatives data shows a modestly positive 0.0017% funding rate, $680 million in open interest, and a long/short account ratio of 3.13 — 75.8% of accounts long, a crowded stance that risks a squeeze. With RSI at 53, a bullish MACD and a Fear and Greed reading of 22 (extreme fear), a sustained break above $1.1524 favors bulls, whereas losing $1.1356 invalidates the thesis.