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XRP leads trading volume on South Korea's Upbit but shows no price premium, signaling weak buying pressure.

Market News
09 Nov 2026, 09:25 WIB
CryptoTicker
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Neutral
XRP leads trading volume on South Korea's Upbit but shows no price premium, signaling weak buying pressure.

XRP accounted for 17% of trading volume on South Korea's Upbit exchange, surpassing Bitcoin, yet its price matched global levels with no kimchi premium. This indicates heavy trading activity without increased buying pressure, suggesting repositioning rather than a rally. The price dropped below key support at $1.08, with no inflows into US XRP spot ETFs, signaling cautious investor sentiment. The short-term outlook hinges on whether XRP can hold above $1.08 or risk falling into the August low range around $1.00. Investors should watch Korean premiums, ETF flows, and key price levels for signals of recovery or further decline.

XRP trades at Rp19.745 on Pluang with a 5.98% drop over the past day as of Nov 09, 2026 14:42 WIB, showing notable volatility amid heavy trading activity in South Korea. Despite this, Pluang data shows a 62% buy order ratio and a typical hold time of 73 days, indicating some investor confidence. The market cap stands at Rp1.253,94T with a 24-hour volume of Rp40,83T, reflecting substantial liquidity even as prices test key support levels.

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