TLDR
- South Korea became the top market for XRP trading in the past 24 hours.
- Upbit recorded $1.09 billion in XRP trading volume and led all global exchanges.
- Binance followed with $966.80 million in XRP trades during the same period.
- The surge came after the conclusion of the long-running SEC case involving XRP.
- Coinbase, Bybit, Kraken, OKX, Crypto.com, and Bitstamp also reported strong XRP volumes.
A sudden surge in XRP trading volume has positioned South Korea as a key market driver in the past 24 hours. Upbit, the country’s largest cryptocurrency exchange, recorded $1.09 billion in XRP spot trading during the period. The figure exceeded Binance’s $966.80 million, placing Upbit at the top of global XRP volume rankings.
The trading spike followed the resolution of the long-running U.S. Securities and Exchange Commission case involving XRP. Market data indicated that South Korea’s participation was the largest contributor to the global increase. X Finance Bull, a prominent crypto market watcher, described the activity as “FOMO heating up.”
The data came alongside a 24-hour heatmap showing trading breakdowns across major global exchanges. Coinbase recorded $450.30 million, Bybit saw $399.74 million, and Kraken reached $222.11 million. OKX processed $221.07 million, Crypto.com handled $110.52 million, while Bitstamp registered $80.63 million in XRP trades.
BREAKING 🚨 South Korea just flipped the switch on $XRP 🔥
$1.09B volume on Upbit in 24 hours, leading the world.
This surge came right after the SEC case closed.
FOMO is heating up. And this is just the beginning.How ready are you? pic.twitter.com/Sfj5C86iKr
— X Finance Bull (@Xfinancebull) August 8, 2025
Upbit Leads the Global XRP Market
Upbit’s $1.09 billion volume gave it a clear lead in the global XRP market for the day. This placed it ahead of Binance, which maintained strong liquidity but fell short of Upbit’s figure. The gap highlighted South Korea’s dominant role in XRP activity during the period.
X Finance Bull emphasized this point in his post, stating, “South Korea just flipped the switch on $XRP.” His comment underscored the significance of the country’s trading volume. Other users echoed similar sentiments, pointing to the potential for sustained momentum.
The timing of the surge drew additional attention from the XRP community. A user named Shane remarked, “The craziest part is most of the country is still asleep.” His statement suggested the market could see even greater activity once more traders participate.
Legal Outcome Sparks Renewed XRP Activity
The conclusion of the SEC case has influenced XRP market sentiment. Market participants linked the legal resolution to heightened trading across multiple exchanges. This renewed activity suggested a shift in trader confidence regarding XRP’s market prospects.
The volume’s geographic distribution showed strong engagement beyond South Korea. Binance and Coinbase maintained significant trading figures, ensuring global participation in the XRP market. However, Upbit’s performance marked a temporary shift in exchange dominance.
The heatmap data reinforced that the surge was not isolated but part of a broader trend. Multiple exchanges experienced notable increases in XRP trading volumes. Yet, South Korea’s role through Upbit remained the standout factor in the latest 24-hour cycle.
