- XRP dominates Upbit trading, surpassing Bitcoin and Ethereum in key metrics.
- Upbit data shows XRP leading volume and liquidity during active trading.
- Asian traders favor XRP utility, pushing it ahead of Bitcoin, Ethereum.
Crypto analyst X Finance Bull highlighted a change in trading behavior on South Korea’s largest crypto exchange, Upbit. In a recent post, he noted that XRP flipped both Bitcoin and Ethereum in volume and liquidity, pointing to utility-driven demand within the region.
XRP Takes the Lead in Volume and Liquidity on Upbit
Liquidity emerged as a defining factor in XRP’s performance, supported by clear depth metrics visible on Upbit’s market data. According to data shared by the analyst, XRP posted a liquidity score of 678, surpassing Bitcoin’s 591 and edging above Ethereum’s 672 during the same period.
This difference reflected stronger order book depth for XRP, indicating more balanced buy and sell pressure across price levels. Deeper liquidity at this scale typically allows larger trades to execute with reduced slippage and more stable pricing.
Alongside its liquidity strength, XRP also led trading activity on the exchange, reaching $207 million in volume and accounting for 17.17% of total market volume on Upbit. When high liquidity aligns with elevated volume, it often signals sustained participation rather than isolated bursts of activity. In this case, the data suggested XRP attracted consistent engagement from traders operating across different position sizes.
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The combination of top-ranked liquidity and dominant volume placed XRP ahead of both Bitcoin and Ethereum within Upbit’s market structure. Such alignment reinforces XRP’s role as an actively traded asset capable of supporting efficient execution under high demand conditions.
Regional Trading Behavior Signals Utility Focus
Market behavior in South Korea provided important context for the shift, as according to X Finance Bull, investors in the region often prioritize utility over speculative narratives, treating payments as infrastructure rather than trends.
Assets offering speed, reliability, and settlement finality tend to attract attention, and XRP’s transaction design aligns with these priorities, suggesting functionality played a central role in trading decisions on Upbit, a leading regional exchange whose market share makes its data a reliable indicator of local sentiment.
Market Structure Reflects Early Adoption Signals
Flipping Bitcoin and Ethereum in both liquidity and volume marked a deviation from typical exchange hierarchies, metrics closely monitored by traders assessing market depth. The shift suggested intentional positioning, with local participation focused on practical use rather than headline momentum.
As trading activity consolidated, XRP’s dominance stood out within the broader market structure, highlighting how regional preferences can differ from global discussions.
Overall, the Upbit metrics showed a clear change in trading dynamics, as XRP’s leadership in volume and liquidity reflected emphasis on efficiency, speed, and functional infrastructure within Asia’s crypto markets.
Also Read: The Next Major XRP Catalyst Could Come From Japan – Here’s Why
