Is the XRP Bounce Starting? Panic Buys on South Korea’s Upbit Spark Market Buzz
According to market commentator X Finance Bull, XRP is seeing intense “panic buying” on South Korea’s leading exchange, Upbit, posting $1.55 billion in 7-day trading volume, a surge that reportedly eclipses both Binance and Coinbase.
This surge revives a familiar crypto narrative: could strong regional demand, particularly from Asia, spark the next upward move for $XRP?
Upbit: A Growing Epicenter for XRP Activity
South Korea has long been a crypto hotspot, and XRP has consistently commanded outsized liquidity in the region. At various points, Upbit has even surpassed Binance in XRP holdings and trading share, underscoring the token’s strong local appeal.
What makes the current move stand out is its sheer intensity since $1.55 billion in seven-day volume signals aggressive accumulation by traders, likely driven by short-term technical triggers and shifting market sentiment.
Understanding “Panic Buys”
“Panic buying” typically reflects urgent accumulation by traders fearing they’ll miss a rebound. In XRP’s case, the current surge appears driven by a mix of technical signals, institutional positioning, and market psychology.
On the technical side, some analysts point to improving chart structures and declining exchange supply, often interpreted as signs that a local price floor may be forming.
At the same time, XRP-linked investment products continue to attract institutional inflows, even as broader crypto markets remain mixed, suggesting sustained interest beyond short-term speculation. Psychologically, visible heavy buying on a major exchange like Upbit can amplify momentum, drawing in sidelined traders and reinforcing the narrative of an impending bounce.
So, Is This the Bounce?
The fact is that it’s too early to confirm a breakout, but the signals are increasingly constructive.
Sustained demand on South Korea’s Upbit could foreshadow broader price strength if global liquidity follows. At the same time, bullish technical setups and declining exchange balances point to tightening supply, while continued ETF inflows provide a structural tailwind that previous XRP cycles lacked.
In a market where sentiment often moves faster than fundamentals, these panic buys may represent an early inflection point, but true confirmation will depend on whether global exchanges and price action echo the same momentum.
Conclusion
XRP’s spike in activity on South Korea’s Upbit is more than noise—it signals a possible inflection in near-term momentum. A reported $1.55 billion in seven-day volume, surpassing both Binance and Coinbase, highlights the rising influence of regional demand and Asia’s ability to steer global crypto flows.
While localized buying sprees don’t always evolve into lasting rallies, the scale and timing of these panic buys point to growing trader conviction and early positioning for a potential rebound.
Source: https://coinpaper.com/13270/upbit-goes-wild-xrp-sees-1-55-b-in-panic-driven-trading
