XRP has flipped Bitcoin and Ethereum in trading volume and liquidity on Upbit, South Korea's largest exchange, with $207 million in volume representing 17% of the market as Asian capital rotates into utility-focused assets.
XRP has achieved a significant milestone by surpassing Bitcoin and Ethereum in trading volume and liquidity on Upbit, South Korea's largest cryptocurrency exchange. The digital asset recorded $207 million in volume, representing 17% of the entire market, while demonstrating superior liquidity compared to the two leading cryptocurrencies.
According to Xfinancebull on X, local capital is rotating into utility-focused assets as Asian investors prioritize function, speed, and finality over narratives and memecoins. This shift signals early adoption patterns that could reshape market dynamics in 2026.
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"BOOM! $XRP just flipped Bitcoin and Ethereum in volume and liquidity on Upbit, South Korea's largest crypto exchange. $207M in volume. 17% of the entire market. More liquid than Bitcoin."
Asian Markets Drive XRP Infrastructure Play
The dominance on Upbit reflects a broader trend where Asian investors view payments technology as essential infrastructure rather than speculative assets. This approach contrasts sharply with Western retail behavior, which often follows social media narratives and trending memecoins.
XRP currently trades with enhanced liquidity metrics that exceed both Bitcoin and Ethereum on the Korean platform, suggesting institutional-grade interest from sophisticated buyers. The technical setup indicates further potential as price maintains support above critical levels.
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ChartNerdTA highlighted on X that price is reacting positively off the Vertical Accumulation Support zone, a 13-month defense barrier. The analyst noted that Scenario 1 appears to have the advantage, though critical resistance levels await confirmation before any breakout materializes.
"$XRP: Staircase to Valhalla (Updated). Price is reacting positively off of the Vertical Accumulation Support zone, a 13 month defence barrier. Scenario 1 looks to have the advantage here, but critical levels of resistance await above before any confirmation. Patience..."
Fibonacci Extensions Point to $8-$27 Targets
Historical cycle analysis reveals ambitious upside potential for the current market phase. In the previous cycle, XRP reached both its 1.272 and 1.618 Fibonacci extensions without regulatory clarity or favorable macro conditions.
ChartNerdTA also posted a fractal update indicating this cycle's Fibonacci targets range from $8 to $27, supported by regulatory victories and stronger macro tailwinds that were absent during the last bull run.
"$XRP Fractal Update - (May 2025). #XRP met both its 1.272 and 1.618 FIB extension in its prior cycle - WITHOUT the regulatory clarity and macro tailwinds that we've seen in the past year, which are MAJOR catalysts for expansion moving forward. This Cycles FIBs = $8 - $27"
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The combination of technical setup, regulatory progress, and institutional adoption through platforms like Upbit creates a compelling case for XRP to outperform during the next expansion phase. Asian markets appear to be positioning ahead of Western retail, focusing on utility and infrastructure rather than speculative narratives.
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The convergence of on-chain metrics, technical patterns, and geographic capital flows suggests XRP is entering a critical phase where patience may yield substantial rewards for holders who understand the infrastructure thesis driving Asian institutional interest.
Key Takeaways:
- XRP recorded $207 million volume on Upbit, surpassing Bitcoin and Ethereum in liquidity metrics
- Asian investors prioritize utility and infrastructure over speculative narratives and memecoins
- Technical analysis shows Fibonacci extension targets ranging from $8 to $27 for current cycle
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XRP Crushes BTC & ETH on Korea's Top Exchange
XRP flips Bitcoin and Ethereum in volume on Upbit with $207M traded. Asian investors rotate into utility as fractal targets point to $8-$27 range.