Marina Lyubimova
⬤ XRP delivered a volatile trading session on Sunday, climbing from $1.53 at 03:00 UTC to $1.6698 by 08:00 UTC—a 9% gain in just five hours. The rally quickly reversed as selling pressure mounted later that day.
⬤ The token dropped to $1.44 by 20:00 UTC, erasing gains with a 13.7% decline over the next 13 hours. Market data pointed to Upbit as a major driver behind the swing, with XRP climbing to top spot on Upbit during the session. The exchange showed XRP/KRW trading near $1.51 with roughly $613.9 million in volume, capturing about 33.31% of platform activity—ahead of Ethereum and Bitcoin pairs.
⬤ Upbit accounted for approximately 12.16% of XRP's global trading volume during the period, with the XRP/KRW volume bombshell on Upbit exceeding comparable figures from Binance and Coinbase. This clustering of activity highlighted how regional flows can become a focal point during rapid price movements.
⬤ The episode illustrates how XRP price behavior can align with concentrated exchange participation. When a single market captures a large share of turnover, price discovery becomes tightly linked to that venue's order flow, influencing how traders read volatility signals and short-term dislocations across the broader crypto landscape.
Marina Lyubimova
