It's not just that XRP is gaining momentum Intensified Price estimation However, especially in the Korean market, we are comparing directly to Bitcoin with one amazing indicator. Data shows that XRP is I'm currently trying to control Bitcoin In the Korean crypto world, it is the largest crypto exchange in the country in terms of trading volume and market share, as evidenced by its rising reserves.
Upbit's rare XRP reserve level
On-chain data shows that XRP is beginning a long-standing challenge for Bitcoin Domination in Korea, Trading activities are the most vibrant in the world. As a major cryptocurrency, most exchanges around the world hold Bitcoin as the dominant reserve asset, with BTC traditionally taking on the largest share of the exchange portfolio. This is true because exchange reserves are shaped by customer demand and Bitcoin is a preferred asset for traders.
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But it appears that the Korean market is beating the trend, and Investors tend to have more trends in XRP. According to Cryptoquant's on-chain data, this First posted XRP is a social media platform X with an analytics account called CryptoonChain's. This challenges Bitcoin's Upbit advantage, Korea's biggest crypto exchange.
This trend began in December 2024 when Upbit began to significantly increase its XRP reserves. At the time of writing, the exchange holds XRP at a level comparable to Bitcoin Holding.
As shown in the chart below, XRP's USD value in Upbit's reserves has risen sharply since the beginning of the year alongside Bitcoin, with XRP quickly destroying $20 billion before it retreated.
To date, Upbit's XRP reserve is worth around $18 billion, just under $20 billion from Bitcoin on the platform. For comparison, Ethereum's holdings at Upbit are just over $5 billion. This shows how XRP carved a much closer position to Bitcoin than the other major cryptocurrencies in exchange.
Impact of Altcoin on future demand
Monitoring these reserve trends at Upbit could serve as a key indicator of XRP trajectory over the coming months. The hugely influential impact of Upbit on Asia can affect the balance of portfolio beyond its own platform, shaping XRP demand and price behavior within the continent.
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Transaction data shows Very high period XRP trading volume and past activities on Upbit. If Altcoin continues to maintain its parity with Bitcoin with Upbit reserves, it will show a deep structural preference for tokens in one of the world's most active trading hubs. The weight of bullish discussion of sustained rising prices.
At the time of writing, XRP traded at $2.81, a 6.5% drop in the last 24 hours.
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