South Korean exchange Upbit recorded $224.22 million in daily XRP trading volume, outpacing Coinbase ($173.38 million) and positioning South Korea at the center of the asset’s price formation. The XRP/KRW pair represents 15.57% of Upbit’s total activity, surpassing even Bitcoin and the Tether stablecoin in liquidity. The absence of permitted derivative products in the Korean market drives retail investors to focus on XRP spot trading, whose low fees and transaction speed make it an ideal tool for quick scalping strategies. XRP’s price remains trapped between $1.44 and $1.50, while weekly trading volume on Upbit has reached $1.71 billion.
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