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XRP Leads Upbit Trading Volume, Overtaking Bitcoin and Ethereum

XRP/KRW posted $110.9 million on South Korea’s Upbit, while on Bithumb the pair ranked behind only USDT/KRW, showing stronger local trading activity despite resistance near $1.50.

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Fact Check
All key figures in the claim are consistently corroborated across multiple independent sources. The PANewsLab article (citing CoinDesk as primary source) confirms XRP/KRW at $110.9M on Upbit, Bitcoin at $88.6M, and Ethereum at ~$67M for the 24-hour period on May 13, 2026, and confirms Bithumb ranking second behind USDT/KRW. The CoinDesk X post independently states the same $110.9M Upbit figure. The BSCNews X post cites CoinGecko data with identical numbers. Yahoo Finance further corroborates with $110.9M on Upbit and $41M on Bithumb. The resistance near $1.50 is confirmed by PANewsLab ($1.49-$1.50 resistance zone). The minor discrepancy is that the claim says XRP ranked behind 'only USDT/KRW' on Bithumb, which is confirmed by PANewsLab. No conflicting evidence was found.
Summary

XRP recorded the highest trading volume on Upbit, one of South Korea’s largest crypto exchanges, with XRP/KRW reaching $110.9 million. That exceeded Bitcoin’s $88.6 million and Ethereum’s $67 million on the platform. On Bithumb, another major South Korean exchange, XRP/KRW ranked second in trading activity behind USDT/KRW, the Tether stablecoin pair. XRP changed hands around $1.44 to $1.45 and remained below the $1.49 to $1.50 resistance zone since February, indicating that elevated exchange activity had not yet pushed the token through that price ceiling.

Terms & Concepts
  • XRP/KRW: A trading pair that shows the price of XRP against the South Korean won.
  • USDT: A stablecoin, or token pegged to fiat currency, designed to track the value of the U.S. dollar.
  • Resistance zone: A price range where selling pressure tends to increase, making it harder for an asset to move higher.