XRP (XRP) Tops Upbit Weekly Turnover at 2.45 Trillion Won With 6.42% Gain

XRP Tops Upbit Turnover

XRP (XRP) finished the September 21–27 week as the single most-traded asset on South Korea's Upbit exchange, booking 2.45 trillion won in weekly turnover — roughly $1.7 billion — while also posting the strongest return among the venue's five largest assets. Data from Upbit DataLab, the market-data service of operator Dunamu, shows XRP's turnover ran at more than double Bitcoin's 990 billion won and well ahead of Ethereum's 710 billion won, a clear signal that Korean order flow concentrated in the XRP settlement asset during last week's rebound. The token's 6.42% weekly advance also topped Bitcoin's 2.96% and Ethereum's 0.58% among large caps. Broader activity expanded in step: the Upbit Composite Index, calculated from an October 2017 base of 1,000, climbed 3.02% week-over-week to 11,699.25, and total weekly turnover on the exchange rose 16.13% to 15.92 trillion won. Sentiment, however, lagged prices — Upbit's own fear-and-greed gauge, built from 24-hour traded prices and volume, slipped 2 points to a neutral 60. Mid-cap altcoin names set the pace on returns, with SOON surging 72.48%, ARK 60.29% and The Graph 59.87%, while the interoperability-and-bridges sector led all sectors at 32.77%. XRP's dominance on the Korean venue lands just days before Ripple's upcoming Seoul XRP event on October 3, where Woori Bank and Kakao Bank sessions are on the schedule.

$1.65 Rejection, Structure Intact

The volume surge on Upbit mirrors a chart that has already turned higher. After breaking out of the $1.35 range in late August and spiking to nearly $1.70, XRP spent several weeks consolidating between roughly $1.35 and $1.55 — a base that has since given way to a fresh leg up. The price briefly tested $1.65 last week before easing back to about $1.54 at the latest print, according to the XRP/USDT chart on TradingView. The broader structure remains constructive: the 50-day moving average, sitting near $1.36, has curled upward, while the still-declining 200-day average hovers at about $1.35, and convergence between the two frequently precedes a bullish crossover. Momentum is firm without extremes, with the relative strength index holding in the 60s. Near-term support rests at $1.45–$1.50, the top of the former consolidation band, where dip-buying has repeatedly emerged; a close back below $1.35 would invalidate the bullish structure and open a retest of the low-$1.30s. The decisive barrier is the $1.65–$1.70 zone — clearing it would push the market toward price discovery, where thinner order books can magnify slippage, and put prior-cycle highs back in play. For traders tracking XRP price action over longer horizons, analyst Peter Brandt has staked a long-term XRP chart bet with a $5.40 target, though any run at the 2021 all-time high first requires a weekly close above $1.70. Institutional demand adds context: Bitwise led $22.65 million of XRP spot ETF inflows on September 25, keeping the demand backdrop behind the rally intact. Readers tracking the market in real time can follow live spot and futures prices on Gate.

Composite: $1.60 the Next Test

COINOTAG's proprietary 42-indicator composite S/R scoring engine rates the $1.4793 support at 82/100, driven by the confluence of the Bollinger middle band, the 20-day SMA and the ATR lower band, with the deeper $1.3946 shelf scoring a strong 94/100 on a flip of resistance into support, a low-volume node and Ichimoku Senkou A. Overhead, the $1.5365 barrier scores 63/100 (Fibonacci 0.236, a high-volume node, a bearish pin bar) and $1.6021 at 67/100 (ATR and Bollinger upper bands). With spot at $1.5157, funding at a mildly positive 0.0062%, open interest near $1.16 billion and a 2.90 long/short ratio (74.3% long), positioning leans long while the Fear & Greed Index reads 74 — Greed. RSI at 58.59 and a bullish MACD favor continuation; holding $1.4793 keeps the $1.60 test live, while losing it shifts the edge to bears, with $1.3946 as the invalidation line.