In fact, the trading pair accounted for nearly a third of the exchange's trading volume. Some South Korean won trading pairs started plummeting on Upbit, with XRP falling to $1.89 and Bitcoin slipping below the $80,000 level despite trading above $95,000 on major exchanges. Earlier today, the XRP trading volume on the Upbit exchange managed to surpass the total trading volume of KOSPI, South Korea's primary stock market index.
Earlier today, the Ripple-affiliated cryptocurrency surged to a multi-year peak of $2.82 before giving up some gains. The token was just 20% away from finally recording a new all-time high after seven years. Overall, XRP is the third most-traded cryptocurrency . It has managed to surpass Ethereum, the USDC stablecoin, and Dogecoin.