XRP Takes the Lion’s Share of Upbit’s $2.07B Trading Volume Surge as Korean Investors Fuel Market Frenzy
According to market analyst Xaif Crypto, South Korea’s top exchange Upbit has recorded a sharp 24-hour trading surge to $2.07 billion (+5.09%), and it’s XRP stealing the spotlight as the top driver of this momentum.
In a surprising turn, XRP has surged to the top of Upbit’s charts, recording an impressive $237 million in 24-hour trading volume. The token’s dominance has outpaced Bitcoin (BTC) and Ethereum (ETH), leading South Korea’s intensified trading frenzy.
Therefore, this renewed momentum signals growing investor confidence in Ripple’s XRP, as the token’s chart forms a classic inverse head-and-shoulders, a bullish setup hinting at a possible breakout.
With speculation mounting around a potential surge to $4, retail enthusiasm on Korean exchanges is heating up, echoing the region’s history of driving sharp market rallies.
Xaif Crypto observed that Korea’s crypto market often serves as an early indicator of global retail sentiment, and XRP’s dominance in trading volume may signal a shift away from major cryptos toward established, utility-driven assets. Meanwhile, BTC and ETH posted only modest activity, reflecting a temporary rotation of trader interest toward XRP.
XRP Eyes $3.10 Target as Classic Inverse Head and Shoulders Pattern Forms
According to crypto trader Kamran Asghar, XRP is currently forming a classic Inverse Head and Shoulders (H&S) pattern, a well-known bullish reversal structure that often signals the end of a downtrend and the beginning of a major upside move.
Asghar’s analysis points to a potential rally toward the $3.10 resistance, a level that could mark a significant breakout if confirmed.
Notably, this pattern, characterized by three troughs with the middle one (the “head”) being the lowest, suggests that selling pressure is weakening while buyers are regaining control.
XRP has spent recent weeks consolidating after months of market indecision, trading within a tight range with its current price being $2.4.
Now, the formation of an Inverse Head and Shoulders pattern is sparking renewed technical optimism as Bitcoin and Ethereum stabilize. A confirmed breakout above the neckline could trigger a surge of buying momentum, signaling the start of a fresh bullish phase for XRP.
Conclusion
XRP’s explosive run on Upbit signals a powerful revival in investor confidence and market momentum. Fueled by surging South Korean trading volumes and bullish technical signals, XRP is reclaiming its status as one of crypto’s most dynamic assets.
If this trend continues, its dominance on Upbit could ignite broader global rallies, transforming a local trading surge into the spark of a larger market breakout.
On the other hand, XRP’s developing inverse head-and-shoulders pattern marks a potentially decisive turning point. A confirmed breakout above the neckline with strong volume could validate the projected $3.10 target, reigniting investor confidence and positioning XRP for a powerful resurgence in the next bullish wave.
