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Cryptocurrency exchange Upbit has reported XRP topping spot trading with $529.06 million, signaling renewed market momentum and underscoring South Korea’s growing role in Asian crypto adoption, according to analyst Xaif Crypto.
Upbit data points to a tight XRP supply alongside surging demand in Asia, particularly South Korea. Despite recent price dips, the combination of limited circulation and rising regional interest is supporting market momentum. Over the past seven days, total trading volume reached $4.11 billion, reflecting renewed confidence in XRP’s utility.
South Korean investors are described as a key driver of XRP’s latest rally. The article attributes the trading surge to strong retail activity and deep liquidity on exchanges such as Upbit, with Asian demand influencing broader global crypto flows.
A recent transfer of 4.8 million XRP on Upbit reportedly incurred just $0.02 in fees, highlighting the XRP Ledger’s low-cost efficiency.
Analysts cited in the article suggest that concentrated demand, combined with constrained supply, could indicate the start of a wider adoption trend. XRP’s fast, low-cost, cross-border capabilities are presented as particularly attractive in a fintech-forward market like South Korea.
While short-term volatility remains, Upbit’s data is framed as evidence of genuine momentum driven by strong Asian demand and concentrated strategic accumulation.
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