XRP-KRW trading on Upbit reached $350 million (₩481 billion) on Sept. 21, exceeding Bitcoin-KRW volume of $225.8 million (₩308 billion). XRP rose about 19% on the exchange from $1.28 (₩1,749) on Sept. 15 to $1.52 (₩2,078) by Sept. 21, touching $1.53 (₩2,084) intraday. Upbit data showed XRP out-traded Bitcoin in won terms on every day from Aug. 23 through Sept. 21, while onchain data recorded $203.9 million in XRP volume against $143 million for Bitcoin and $119 million for Ether. The activity intensified even as XRP fell 10% on Sept. 15, when the CLARITY Act failed its Senate cloture vote. Upbit handled about 70% of South Korea's crypto volume through 2025 and held 6.424 billion XRP across 11 of the top 40 XRP wallets in July, according to the cited data. Despite the heavy trading, XRP showed no specific kimchi premium (local price gap above global markets) on Sept. 22, sitting at $1.519 (₩2,080) on Upbit versus a global price of $1.52. The data suggests substantial two-way trading rather than an unchecked rush to buy, while broader market momentum included a short squeeze that briefly pushed Bitcoin above $87,000 before it eased to about $85,270.