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XRP trading surges in South Korea, capturing 32% of Upbit volume amid $3.8B daily turnover spike

Market News
24 Aug 2026, 00:00 WIB
Blockonomi
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Bullish
XRP trading surges in South Korea, capturing 32% of Upbit volume amid $3.8B daily turnover spike

XRP has seen a major rally in South Korea, capturing 32.20% of Upbit's trading volume during a period when the exchange processed about $830 million in just one hour. Upbit's 24-hour turnover reached approximately $3.81 billion, with Bithumb also reporting a 132.9% volume increase, signaling a broad rebound in Korean crypto trading. Ripple's expansion in Korea continues with Jeonbuk Bank joining as its third local partner, supporting cross-border payments and near real-time settlements. Meanwhile, Ripple CEO Brad Garlinghouse is pushing for clearer U.S. crypto regulations amid ongoing legal battles, which could impact future market dynamics. This surge highlights renewed retail interest in XRP and tests whether this momentum can sustain beyond a single weekend.

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