XRP Overtakes Bitcoin in Upbit Trading Volume With 113 Million Tokens

XRP News

XRP became the most actively traded asset on South Korea’s largest exchange after its 24-hour turnover on Upbit overtook Bitcoin. Roughly 113.18 million XRP changed hands on the platform over the trading day, with the token quoted near $1.09 there, edging past Bitcoin’s turnover. The surge pushed the altcoin to the top of Upbit’s volume rankings and drew immediate attention across Korean crypto markets. Trading volume measures how much of an asset is exchanged over a set period, and a sharp rise is typically read as a signal of intensifying market participation. For XRP, the spike coincided with a recovery attempt traders had tracked closely for weeks.

The concentration of activity on a single venue matters because Upbit routinely ranks among the highest-volume exchanges globally, and Korean order flow has historically amplified moves in mid-cap tokens. Rising volume is generally interpreted as broadening participation across both retail and institutional channels, rather than a thin, single-desk push. In this case, the turnover overtaking Bitcoin — the market’s largest asset by capitalization — underscored how sharply demand had rotated toward XRP on the platform. That rotation is notable in a session where broader sentiment sat firmly in fear, suggesting the buying interest was concentrated and asset-specific rather than a market-wide risk-on wave.

Timing sharpened the significance of the move. XRP had recently reclaimed the $1.10 area, a zone that repeatedly capped earlier recovery attempts and turned back rallies through prior sessions. Holding above that former ceiling flipped it into potential support and improved the token’s short-term technical structure. For traders who watched $1.10 reject price on multiple attempts, a decisive close above it reframed the setup, converting a stubborn resistance shelf into a foundation. The reclaim, paired with the Upbit volume spike, is why market watchers began treating the current attempt as more durable than the failed bounces that preceded it, though confirmation still hinged on follow-through.

Beyond the single reclaim, XRP began forming a sequence of higher lows and higher highs — the stair-step pattern most commonly associated with strengthening upside momentum. Each successive dip found buyers at a higher floor, and each rebound pressed into a higher peak, the structure technicians look for when gauging whether a recovery has legs. That constructive setup contrasts with the choppy, range-bound action that defined XRP’s earlier attempts to escape its lower band. Analysts flagged the emerging pattern as evidence the token was building a more organized market structure, one that could support continuation if demand persisted rather than fading after the initial volume-driven pop on Upbit.

Attention quickly shifted to the next overhead barrier, the $1.14 to $1.15 band that now stands between XRP and a broader breakout. That zone is considered a meaningful hurdle because it stacks two distinct forms of pressure: short-term selling interest from traders positioned around the level, and a widely watched longer-term moving average that has acted as dynamic resistance. Clearing it would require sustained demand rather than a fleeting spike, and a clean break could open room toward higher targets. Failure to absorb the supply there, by contrast, would risk stalling the recovery and inviting a retest of the reclaimed support beneath.

Whether XRP can hold its gains ultimately depends on demand persisting above former resistance rather than evaporating once the initial rush cools. The breakout has clearly captured trader focus, but volume-led moves can fade quickly if follow-through buying does not materialize, leaving the token exposed to a slip back below reclaimed levels. Sustained accumulation, not a one-session turnover spike, is what would confirm the upward trend and keep the higher-high structure intact. For now, XRP sits at a decision point: the reclaim and the Upbit surge tilt the near-term bias constructive, yet the $1.15 ceiling remains the line that must give way for momentum to extend.

COINOTAG’s proprietary 42-indicator composite scoring engine rates the $1.1517 resistance at 69/100, driven by a confluence of the Ichimoku Kijun, R1 pivot and prior-day high, with the deeper $1.2151 barrier also scoring 69/100 from the point-of-control and Fibonacci 0.382. On the downside, the $1.1351 support scores a stronger 76/100, anchored by the Fibonacci 0.236 and prior-day close. Derivatives skew crowded: our aggregate long/short account ratio sits at 3.14 — 75.8% long — with open interest at $696 million and a barely positive 0.0018% funding rate, a stretched setup vulnerable to a long squeeze. With the Fear & Greed Index at 22 (Extreme Fear) and spot at $1.1414, holding above $1.1351 keeps the bullish case alive; a break below invalidates it and exposes the $1.0966 support at 71/100.