XRP overtook Bitcoin on South Korea’s largest exchange, Upbit, as trading activity intensified across the market. Korean traders pushed XRP’s 24-hour volume to $437 million, sharply ahead of Bitcoin’s $239 million.
Upbit data shows XRP moving into the top position by trading volume, marking a rare moment where the token outperforms Bitcoin on a major, high-liquidity platform. Market analysts such as Xaif Crypto argue that XRP “sitting at 1” underlines genuine demand from traders who often shape early altcoin cycles.
XRP has also registered strong price action to trade at $2.19, marking more than 7% growth in a single day. Its market capitalization now stands near $132 billion, solidifying its place just below Tether. The asset has recorded more than $6.31 billion in global trading volume over the past 24 hours.
Technical Structure Shifts in Favor of Buyers
Meanwhile, analysts highlight a powerful technical formation taking shape on the weekly chart. Market commentator CryptoHarmony notes XRP has tapped its long-held weekly demand zone for the third time, establishing a triple bottom. The pattern indicates a decisive shift in control, with buyers absorbing repeated sell pressure around the $2.10–$2.15 region.
Each retest has triggered firmer rebounds, suggesting weakening seller dominance. The setup points to a potential move toward the psychological $3 level if momentum continues.
Additionally, analyst Ali Martinez identifies a right-angled ascending broadening wedge, with XRP bouncing from the $2.00 support area. His projections outline a path toward $4 if the structure remains intact.
XRP ETF Inflows Strengthen the Bull Case
XRP’s growth also aligns with substantial inflows into newly launched XRP exchange-traded funds. Grayscale reported $67 million in inflows on launch, followed closely by Franklin Templeton’s $62 million.
Bitwise and Canary added $17 million and $16 million, respectively. Combined daily inflows reached $164 million, lifting total ETF assets above $628 million, or around 0.46% of its market cap.
What stands out is the consistency. SoSoValue data shows uninterrupted inflows for seven consecutive trading days. No outflows have occurred since the ETF’s debut, despite a recent market downturn that pressured other digital assets.
Analysts expect inflows to expand in the months ahead. JP Morgan projects the funds could attract more than $8 billion in the first year.
Notably, the comparisons with Bitcoin and Ethereum ETFs illustrate the potential scale. If XRP products reach a similar share of market cap, around 5%, their assets could rise to approximately $6.75 billion.
Brenda Kanana
Evans Kelvin
