XRP is surging on South Korea’s Upbit amid panic buying, racking up $1.55 billion in trading volume over the past seven days, outpacing major global exchanges and signaling heightened investor urgency. According to market commentator X Finance Bull, XRP is seeing intense “panic buying” on South Korea’s leading exchange, Upbit, posting $1.55 billion in 7-day trading volume, a surge that reportedly eclipses both Binance and Coinbase.
South Korea has long been a crypto hotspot, and XRP has consistently commanded outsized liquidity in the region. At various points, Upbit has even surpassed Binance in XRP holdings and trading share, underscoring the token’s strong local appeal. What makes the current move stand out is its sheer intensity, with $1.55 billion in seven-day volume signaling aggressive accumulation by traders driven by short-term triggers and shifting sentiment. Panic buying typically reflects urgent accumulation by traders fearing they’ll miss a rebound; in XRP’s case, the surge appears driven by a mix of technical signals, institutional positioning, and market psychology.
On the technical side, some analysts point to improving chart structures and declining exchange supply, often interpreted as signs that a local price floor may be forming. XRP-linked investment products continue to attract institutional inflows, suggesting interest beyond short-term speculation. While it remains early to call a breakout, the scale and pace of Upbit activity point to growing trader conviction and positioning ahead of broader market moves if liquidity returns.
Leave a Reply