XRP Dominates South Korea’s Bitcoin Seoul Despite 15% Price Decline

TLDR:

• XRP South Korea trading leads Upbit volumes, surpassing BTC and ETH in active daily market participation
• South Korean retail investors continue driving XRP demand despite broader crypto market weakness and volatility
• XRP/KRW fell about 15.2% weekly, forming lower highs and testing key support near the ₩1,650–₩1,700 zone
• Resistance levels for XRP South Korea now sit near ₩1,800 and ₩1,900 after repeated rejection attempts

XRP South Korea remains one of the strongest cryptocurrency narratives in Asia as the token continues to dominate trading activity on Upbit.

Even as prices faced a sharp weekly correction, XRP maintained exceptional market participation, reinforcing its position among South Korea’s most actively traded digital assets.

XRP South Korea Trading Strength Outpaces Bitcoin And Ethereum

XRP South Korea trading activity continues to attract attention as the token regularly outperforms Bitcoin and Ethereum on Upbit, the country’s largest cryptocurrency exchange.

During periods of elevated market activity, the XRP/KRW pair frequently secured the top position by daily trading volume, reflecting sustained retail demand.

The trend remained evident throughout 2025. Exchange data released earlier this year showed XRP processed more than $1 trillion in cumulative trading volume on Upbit during the calendar year.

The figure placed XRP ahead of both Bitcoin and Ether, cementing its status as a preferred trading asset among South Korean investors.

User participation has also remained remarkable. Reports indicate that roughly 13.26 million users have traded XRP on Upbit, representing nearly one-quarter of South Korea’s population. The scale of adoption highlights the token’s unique standing within the local digital asset market.

Recent volume figures further reinforced that trend. In mid-May, XRP recorded approximately $110.9 million in daily trading volume on Upbit.

By comparison, Bitcoin generated around $88.6 million while Ether posted roughly $67 million. On several occasions, XRP accounted for more than one-fifth of the exchange’s daily activity.

XRP Price Slides As Traders Defend Critical Support Zone

Despite its volume leadership, XRP’s market performance has recently faced increased selling pressure. The XRP/KRW pair declined from above ₩2,000 at the beginning of the observed period to nearly ₩1,712 by week’s end, representing a weekly loss of approximately 15.2%.

XRP/KRW Pair Source: CoinGecko

The seven-day chart reflects a clear bearish structure. Price action formed a series of lower highs and lower lows, indicating that sellers maintained control throughout much of the period. While buyers attempted several recoveries, those moves failed to establish lasting momentum.

Notably, rallies on June 2 and June 3 pushed XRP back toward the ₩1,900 region. However, each rebound encountered renewed selling pressure, preventing the formation of a broader recovery trend. The repeated rejection near higher levels reinforced market caution.

At the same time, trading activity remained elevated during the decline. Strong volume suggested active participation rather than reduced liquidity conditions.

Market attention has consequently shifted toward the ₩1,650 to ₩1,700 range, which emerged as a key support area after attracting buying interest.

On the upside, resistance levels are now forming near ₩1,800 and ₩1,900. Traders are closely monitoring whether XRP can reclaim those zones as South Korea’s most traded cryptocurrency continues navigating a volatile market environment.