XRP has reached a significant achievement, now standing as the dominant player in trading volume compared to Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). Recent analysis indicates that this altcoin has gained tremendous traction in South Korea, a region known for its enthusiastic cryptocurrency engagement. This milestone reflects the increasing popularity and vitality of the token, irrespective of prevailing market instabilities.
XRP Leading the Pack: A New Era in Crypto Trading
XRP has demonstrated a remarkable surge in trading activity within the bustling South Korean market. Data from Upbit, one of the nation’s preeminent cryptocurrency trading platforms, reveals that XRP has outpaced its competitors, including Bitcoin, Ethereum, and Dogecoin, throughout recent months. Market observer AnalystGuru has reported these trends after closely monitoring trading statistics on Upbit.
Per the analyst’s findings, XRP was confirmed as the most traded digital asset on Upbit. This ranking leans heavily on trading volume and liquidity rather than mere price fluctuations. Notably, the XRP/KRW trading pair consistently held a leading position on the platform, with Bitcoin securing the second spot, followed by Ethereum, Tether (USDT), and Dogecoin.
These impressive figures were officially corroborated by Dunamu, the organization governing Upbit, in early January 2026. Year after year, Upbit has processed trading volumes exceeding $1 trillion, commanding over 70% of South Korea’s entire cryptocurrency market. This makes Upbit a critical barometer for understanding trading trends and gauging both retail and institutional demand.
AnalystGuru noted that South Korean traders typically gravitate towards assets with tangible utility and high liquidity. As a result, consistent trading volume signals that a cryptocurrency is actively utilized in the market, rather than driven solely by speculation. The steady usage of XRP is anticipated to attract additional investments as liquidity improves.
In established markets like South Korea, successful assets tend to cultivate sustained long-term engagement, materially influencing their price dynamics. Following these developments, AnalystGuru reiterated a positive outlook on XRP and expressed intentions to further increase their holdings in the altcoin.
Comprehensive Insights from Upbit Regarding XRP
According to Upbit’s 2025 performance data, XRP represented a remarkable 15% to 22% of the exchange’s daily trading activity, corresponding to the annual trading volume exceeding $1 trillion. As previously noted, XRP/KRW was the top-performing trading pair of the year, peaking at a staggering $1.22 billion in daily volume during the peak trading month of July 2025. This highlights the enduring support and liquidity attributed to retail investors.
In liquidity assessments, XRP consistently eclipsed both BTC and ETH on multiple occasions. By the year’s conclusion, South Korean exchanges had amassed roughly 570 million XRP, further establishing the token as a go-to transactional asset within the region. Moreover, Upbit serves approximately 13.26 million users, representing about one-fourth of the population in South Korea. Among these users, those in their 30s form the largest group, accounting for nearly 28.7% of the exchange’s clientele.
