XRP gains 12x higher volume than Ether on Korea’s Upbit

The XRP price has risen by 1% in the last 24 hours to $0.468157, making it the top-performing top-100 cryptocurrency over the last week. XRP has risen by an impressive 20% in the last seven days and by 25% in the last two weeks as the market grows increasingly confident that the Ripple-SEC case will be resolved favorably.

With XRP’s 24-hour trading volume still hovering above $1.5 billion, demand for the coin is still high, pointing to additional rises shortly. This will undoubtedly be the case if Ripple receives a favorable verdict in its case, which could propel XRP beyond $1 and, on the course, to recoup its ATH.

XRP currently accounts for 20% of the trading volume on South Korea’s largest exchange, Upbit, according to CoinMarketCap. With a total turnover of over $1.2 billion on Upbit, XRP earns over $295 million on the Korean exchange. That is over twice as much as Bitcoin (BTC), which comes in second, and nearly 12x times as much as Ethereum.

XRP currently accounts for 20% of the trading volume on South Korea's largest exchange, Upbit, according to CoinMarketCap.

Source: CoinMarketCap

As AZCoin News reported, since late last week, an anomaly in XRP trading on South Korean crypto platforms has been observed. This began a few days after XRP gained more than 25% in a matter of hours on March 21.

Even though the crypto market as a whole was under pressure at the end of the week, XRP was outperforming it. At the time, it was determined that XRP trades accounted for more than 30% of Upbit and Bithumb activity, which amounted to about $350 million.

XRP, on the other hand, continues to outperform the crypto market. The coin is presently trading at a premium of 5% to ETH and 4.2% to BTC. Despite this, XRP has been the most profitable token over the last seven days, ranking among the top ten and the top hundred most significant by market value.

Read more:

Join us on Telegram

Follow us on Twitter

Follow us on Facebook

Follow us on Reddit

You might also like