XRP trading surges on Upbit, Bithumb amid Korean stock market jitters

XRP has surpassed BTC and ETH to top the trading volume charts on major South Korean exchanges, a sign of local investors' risk appetite, CoinDesk reported. On the South Korean exchange Upbit, XRP's 24-hour trading volume reached approximately $110.9 million, exceeding Bitcoin's $88.6 million and Ethereum's $67 million. On Bithumb, XRP's trading volume was about $41 million, second only to USDT. The media outlet noted that this trend follows a downturn in the South Korean stock market, which fell after a presidential policy advisor suggested that companies benefiting from AI should return some of their profits to the public. While the KOSPI index had been posting some of the highest gains globally, driven by Samsung Electronics and SK Hynix, the subsequent correction indicates heightened sensitivity in investor sentiment. Against this backdrop, the surge in XRP trading among South Koreans is notable, as they concentrate on one of the altcoins most familiar to them. CoinDesk explained that historically, volatility has tended to increase when XRP trades near resistance levels amid rising trading volume in South Korea.