XRP Volume Tops Bitcoin on Upbit With 113M Tokens Traded in a Day

XRP News

XRP overtook Bitcoin in 24-hour trading turnover on Upbit, South Korea's largest exchange, as roughly 113.18 million XRP changed hands over a single session. The surge pushed the token to around $1.09 on the platform and made it one of Upbit's most actively traded assets — a rare occasion where an altcoin eclipses Bitcoin on volume in the Korean market. Our reading of the order flow suggests the spike reflects concentrated regional demand rather than a broad market rotation. The move drew immediate attention across South Korean trading desks, where retail participation historically amplifies short-term price swings for tokens like XRP.

Trading volume measures how much of an asset changes hands over a defined window, and a rising figure typically signals broader market participation across both retail and institutional channels. Exchange data show the Upbit spike outpaced Bitcoin's turnover on the same venue, an unusual configuration given Bitcoin normally dominates order books during risk-off phases. For XRP, the concentration of activity in one jurisdiction underscores how localized liquidity can drive headline numbers. Analysts highlight that such single-venue surges can fade quickly unless matched by demand on global exchanges, leaving the durability of the move an open question for now.

The timing is notable because XRP recently reclaimed the $1.10 area, a level that had repeatedly capped earlier recovery attempts. Reclaiming former resistance and holding above it flips the zone into potential support, improving the short-term technical structure. Our desk views the hold above $1.10 as the more meaningful development than the volume headline itself, since price acceptance above a rejected level tends to precede continuation. Traders now treat that threshold as the line separating a genuine breakout from another failed bounce. Losing it would signal the reclaim was a liquidity grab rather than a durable shift in the token's near-term trend.

Beyond the reclaim, XRP is attempting to build a sequence of higher lows and higher highs, a pattern commonly associated with strengthening bullish momentum across major digital assets. Each successive higher low signals that buyers are stepping in earlier, absorbing supply before sellers can force a deeper retracement. For a token still trading far below its all-time high, establishing this structure is an early prerequisite for any sustained trend reversal. The setup remains fragile, though; a single lower low would break the sequence and hand initiative back to sellers. For now, the constructive pattern keeps short-term traders leaning toward continuation rather than reversal.

The next major obstacle sits in the $1.14 to $1.15 band, which traders across South Korean and global venues are watching closely. This range combines short-term selling pressure with a widely tracked long-term moving average, making it a natural point for profit-taking and fresh resistance. A clean break and daily close above $1.15 would open room toward higher targets, while repeated rejection there could trap late buyers and invite a pullback. Given the outsized role automated strategies and AI trading bots now play around such technical inflection points, liquidity at this level is likely to be contested aggressively over the coming sessions.

Ultimately, the breakout's staying power hinges on whether XRP can defend support above former resistance rather than on the volume spike alone. Sustained demand will be necessary to keep the token above $1.10 and prevent a slide back into the range that contained it for weeks. Broader sentiment complicates the picture: with the market gripped by extreme fear and Bitcoin dominance elevated near 69%, capital rotation into altcoins remains selective. A deterioration into a wider bear market tone could quickly erode the regional enthusiasm now propping up XRP. For the moment, the token has momentum, but conviction beyond the Korean session has yet to be confirmed.

COINOTAG's proprietary 42-indicator composite scoring engine rates the $1.2151 resistance at 76/100, driven by the confluence of the point of control, the Fibonacci 0.382 retracement and a prior swing high, with the $1.1441 level scoring 69/100 on R1, the previous day's high and the Ichimoku Kijun. Our engine anchors strong support at $1.1348 (77/100) from the Fibonacci 0.236 and prior daily close. Derivatives read cautious: funding is marginally negative at -0.0012%, open interest sits near $680 million, and the long/short account ratio of 2.99 shows 74.9% of accounts long — a crowded stance vulnerable to a squeeze. With RSI at 51.76 and the Fear & Greed Index at 22 (Extreme Fear), a sustained close above $1.2151 confirms the bullish case, while losing $1.1348 invalidates it.