XRP spot trading volume more than doubles, led by South Korea's Upbit

XRP's spot trading volume has more than doubled in the last 24 hours, with the surge being led by South Korean crypto exchange Upbit, The Crypto Basic reported. Citing data from CoinGlass, the report noted that XRP spot volume surged approximately 115% in one day to reach $1.84 billion, accompanying a rise in the asset's price. Upbit was the primary driver, recording about $452.45 million in XRP trading volume over the past 24 hours. XRP was also the most traded asset on the exchange's KRW market. Binance followed with around $397.03 million in XRP spot volume, also showing an upward trend. The Crypto Basic suggested that an increase in trading volume typically indicates heightened market interest, and a price rally backed by strong volume could serve as a foundation for future gains.