South Korea’s Upbit accounted for $1.55 billion of XRP trading over the past seven days, a figure that has eclipsed several global exchanges and signaled a pronounced rotation in position risk. The token is trading near $1.91, down about 0.15% in the last 24 hours as heavy turnover coincides with modest price action. The data point to a liquidity shift rather than a stampede, underscoring Upbit’s growing role in XRP markets.
Analysts note that a high volume paired with limited price movement often signals distribution and accumulation processes, with short-term traders trimming exposure while new participants absorb supply. The burst of XRP volume on Upbit appears to reflect deliberate trading strategies rather than a loss of confidence, with on-chain inflows rising but not to panic-inducing levels. Similar patterns in earlier cycles preceded broader liquidity expansion across Asian and offshore venues.
The surge reinforces Asia’s influence on crypto liquidity and suggests that, if comparable patterns emerge elsewhere, XRP could consolidate at a higher base and attract wider global participation. That dynamic could set the stage for the next directional move, even as prices remain anchored near current levels.
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