XRP's trading volume on major South Korean exchanges surpassed that of Bitcoin and Ethereum in the past 24 hours.

CoinFeed reported on May 13th that, according to CoinDesk, XRP's 24-hour trading volume on major South Korean exchanges surpassed that of Bitcoin and Ethereum. In the past 24 hours, the XRP/KRW trading pair saw approximately $110.9 million in trading volume on Upbit, exceeding Bitcoin's $88.6 million and Ethereum's $67 million; it ranked second on Bithumb, only behind USDT/KRW. South Korea has consistently been one of the most active speculative markets for XRP, but the price has only fluctuated slightly, trading in the $1.44 to $1.45 range, with a weekly gain of about 3%, still failing to break through the resistance zone of $1.49 to $1.50 since February. The South Korean Kospi index fell sharply on Tuesday due to comments on tax policy, indicating that market risk appetite is sensitive, with investors focusing on trading XRP rather than chasing higher-risk assets across the board.