Recent trading data from the South Korean exchange Upbit revealed that XRP has again become the most traded asset, drawing interest towards its market potential.
XRP's Leadership on Upbit
On July 27, XRP was noted as the top traded asset on Upbit, with a 24-hour trading volume of $310.8 million. This figure significantly outpaced other major cryptocurrencies like Bitcoin and Ethereum, which recorded volumes of $92.8 million and $131.55 million, respectively.
Market Prospects for XRP
In May, XRP had already outperformed Bitcoin and Ethereum on the same exchange, reaching a total trading volume of $1.2 billion, accounting for 40% of all transactions within 24 hours. The current trading figures are reigniting discussions about a new growth phase for XRP, referred to as 'XRP 2.0.'
XRP Community Reactions
The XRP community responded with enthusiasm. Users highlighted the asset's continued dominance in liquidity and noted that many see price dips as opportunities to accumulate more tokens, indicating confidence in XRP's future.
The trading activity of XRP on Upbit illustrates its significant influence on the cryptocurrency market in South Korea, raising hopes for its continued growth and development.
