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XRP gains major South Korean market access with new RLUSD stablecoin listing on Upbit.

Market News
28 Jul 2026
Dailycoin
View Source
Bearish
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Upbit, South Korea's largest crypto exchange, listed Ripple's RLUSD stablecoin across three trading pairs, boosting XRP's exposure in the country where Upbit commands 70% of crypto trading volume. XRP's liquidity in the Korean won market is now one of Asia's deepest, supporting direct local currency trades rather than stablecoin intermediaries. Despite this growth, XRP's price dropped nearly 5% to $1.055 amid broader crypto market declines influenced by geopolitical tensions and expectations of a Fed rate hike. Technical indicators show bearish signals, with large investors selling XRP, suggesting cautious sentiment despite the expanded market presence in South Korea.

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