- XRP/KRW led Korean exchange Upbit’s trading volume at $110.9M, beating Bitcoin and Ethereum, while ranking second on Bithumb.
- XRP wallets holding at least 10,000 coins reached a record 332,253 as whale balances rose to 11.79B XRP.
XRP has moved ahead of Bitcoin and Ethereum in trading activity on major South Korean crypto exchanges, adding fresh attention to a market that has often treated the token as a high-beta trading asset. The move comes as on-chain data shows a record number of XRP wallets holding at least 10,000 coins.
XRP/KRW ranked as the most traded pair on Korea’s largest exchange, Upbit, over the past 24 hours, with about $110.9 million in volume. Bitcoin followed with $88.6 million, while Ethereum recorded about $67 million.Â
The move drew attention as Bitcoin and Ethereum usually dominate trading activity across major crypto markets. However, South Korean traders have often shown strong interest in XRP during periods of rising speculation.
XRP traded near $1.46 on the exchanges, with a weekly gain of about 3%. The token outperformed Bitcoin over the same period, though it trailed stronger weekly moves in BNB and Solana. Price action remains contained, yet trading activity shows that Korean demand has rotated sharply toward XRP.
The token has struggled to clear the $1.50 resistance zone since February. Buyers have defended broader support above $1.40, while repeated tests near resistance have created a compressed trading range. Another analyst recently noted that XRP’s bearish funding rates have returned, matching a signal that previously preceded a 126% rally.
Wallet Data Shows Larger XRP Holders Are Growing
Santiment data added another layer to the XRP market picture. The analytics platform reported that XRP wallets holding at least 10,000 coins reached a new record of 332,230 addresses. The count later increased to 332,253 wallets, adding more addresses after the initial update.
The largest group came from wallets holding between 10,000 and 100,000 tokens. That category reached 300,260 holders and accounted for most of the recent increase. Addresses holding between 100,000 and 1 million coins ranked second with 29,985 holders, while wallets with 1 million to 10 million coins totaled 1,498.
Whale wallets also expanded. Addresses holding between 10 million and 100 million tokens rose from 285 in mid-February to 311. Although that group added only 26 wallets, its combined balance increased from 10.87 billion tokens to 11.79 billion tokens. That marks an accumulation of 920 million XRP over that period.
Retail-sized large wallets also increased their balances. Wallets holding between 10,000 and 100,000 coins raised their combined holdings from 7.78 billion XRP in early February to 7.9 billion XRP, adding 120 million tokens.
The on-chain growth comes despite the token’s price remaining down more than 20% this year. Previously, Glassnode data showed that new daily XRP addresses fell 85% from a December 2024 peak of 18,000 to about 2,700. Even so, larger wallet groups have continued to expand, showing that accumulation has not stopped during the correction.
Technical analysts are also watching a potential breakout setup. Analyst CW said XRP has moved out of a symmetrical triangle on the three-day chart. The pattern forms when the price narrows between a rising support line and a falling resistance line before breaking.
CW’s chart places XRP near a long-term ascending support line that has guided price action since 2022. The same trendline previously supported the coin before a rally from below $0.50 to its 2026 peak near $3.66.
The analyst pointed to $2.05 as the next price target if the current structure holds. That level would mark a move of about 43% from recent prices.
