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XRP spot trading drops sharply in South Korea as derivatives leverage rises, signaling cautious market behavior.

Market News
21 Jul 2026
BeInCrypto
View Source
Neutral
XRP spot trading drops sharply in South Korea as derivatives leverage rises, signaling cautious market behavior.

XRP's spot trading volume on South Korea's Upbit exchange has fallen by nearly 51% over a month, with Binance also seeing a 99% drop in XRP spot flows. Despite this, derivatives markets show increased activity, with Open Interest on Binance rising 5.9% and leverage ratios hitting recent highs. This divergence suggests traders are cautiously building leveraged positions without strong spot market participation. XRP's price has modestly recovered amid a broader crypto rally, but the weak spot demand raises questions about the sustainability of this price increase.

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