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XRP has overtaken Bitcoin and Ethereum in South Korean trading activity, while wallet growth has reached a new record. On Upbit, XRP/KRW led the market with about $110.9 million in 24-hour volume. Bitcoin followed with $88.6 million, and Ethereum posted about $67 million. For a token that often moves like a market mood ring, XRP is now drawing the spotlight again.
XRP/KRW ranked as the most traded pair on Korea’s largest exchange over the past 24 hours. The token’s lead came as Bitcoin and Ethereum usually dominate trading across major markets. Still, South Korean traders have often shown strong interest in XRP during speculative periods. This time, the move came with XRP trading near $1.46 and posting a weekly gain of about 3%.
That pace beat Bitcoin over the same period. Even so, XRP trailed stronger weekly moves in BNB and Solana.
XRP has struggled to break above the $1.50 resistance zone since February. Buyers have defended support above $1.40, which has helped keep the price inside a tight range.
That setup has kept traders focused on the next move. So far, volume has grown while price action has stayed compressed.
One analyst also said XRP’s bearish funding rates have returned. The same signal previously came before a 126% rally.
Santiment reported that XRP wallets holding at least 10,000 coins reached a record 332,230 addresses. The total later climbed to 332,253 wallets after the first update.
The largest group came from wallets holding between 10,000 and 100,000 XRP. That category reached 300,260 holders and drove most of the recent increase.
Larger wallets also expanded. Addresses holding 10 million to 100 million XRP rose from 285 in mid-February to 311. Their combined balance climbed from 10.87 billion tokens to 11.79 billion tokens, which adds up to 920 million XRP.
Wallets holding between 10,000 and 100,000 coins also raised their combined balance from 7.78 billion XRP in early February to 7.9 billion XRP. That added another 120 million tokens.
The broader on-chain picture remains mixed. XRP still trades more than 20% lower this year. Earlier Glassnode data showed new daily XRP addresses falling 85% from a December 2024 peak of 18,000 to about 2,700.
Analyst CW said XRP has moved out of a symmetrical triangle on the three-day chart. The pattern forms when the price narrows between rising support and falling resistance before a breakout.
CW’s chart places XRP near a long-term ascending support line that has guided price action since 2022. That same trendline had supported the coin before a rally from below $0.50 to its 2026 peak near $3.66.
The analyst pointed to $2.05 as the next target if the structure holds. That would mark a move of about 43% from recent prices.
High volume does not always lead to higher prices. It can also signal heavy selling or late positioning near resistance.
XRP led trading activity on South Korea’s Upbit, surpassing Bitcoin and Ethereum with higher daily volume. Wallet growth hit record levels, while price stayed trapped near $1.50 resistance. Analysts now watch a potential breakout toward $2.05 if momentum and structure hold in the current market setup.
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