TL;DR
- XRP spot volume climbed 115% to $1.84 billion in 24 hours, while price reached $1.60, signaling a rally supported by stronger participation.
- Upbit led the move with $449.4 million in XRP volume, and XRP accounted for 18.06% of activity, ahead of Bitcoin and Ethereum.
- Net outflows from several exchanges, plus open interest of $2.87 billion and futures volume up 80.3%, point to accumulation and broader speculative interest.
XRP has roared back into focus, and the latest explosion in trading activity is giving the rally a very different texture. Spot volume tied to the token surged 115% over the past 24 hours to $1.84 billion, while price climbed to $1.60 on Tuesday. That combination matters because rising volume alongside rising price usually signals conviction rather than a thin, fragile squeeze. In XRP’s case, the move also reflects a broader revival in market attention after a period when the token had struggled to hold momentum despite recurring bursts of optimism across global markets lately.
South Korea is setting the pace for the latest move
Much of the intensity is coming from Asia, where Upbit has become the clearest signal of XRP’s unusual pull in South Korea. The exchange accounted for $449.4 million in XRP spot volume over the past day after a 131.6% increase in trading activity. Upbit’s own 24-hour exchange volume reached $2.54 billion, and XRP represented 18.06% of that total. That exceeded Bitcoin’s 11.57% share and Ethereum’s 9.64%, showing local demand for XRP is not just strong, but currently stronger than for the market’s two largest assets.
The rally is also being reinforced by signs of accumulation that suggest traders are not merely flipping XRP for quick gains and walking away. Several exchanges recorded net outflows over the past 24 hours, pointing to users withdrawing tokens rather than sending them in to sell. Upbit led those outflows at $26.80 million, while Coinbase and Gate posted negative net flows of $9.85 million and $3.40 million. Binance, by contrast, saw net inflows of $6.18 million. The broader picture still leans constructive because exchange withdrawals usually imply a stronger preference for holding than immediate liquidation.
Derivative markets are adding another layer, and the futures data suggests the renewed enthusiasm is not confined to spot desks alone. XRP open interest rose 3.45% in 24 hours to $2.87 billion, while futures volume jumped 80.3% to $7.31 billion. Taker buy volume also came in slightly above taker sell volume at 50.36%, indicating longs held a modest edge. Put together with the spot surge and the exchange outflows, the message is difficult to miss: XRP’s latest move is being powered by broader participation, stronger conviction and fresh momentum rather than idle speculation alone.
