- XRP price breaks resistance while Upbit processes $1.94 billion in one hour.
- The XRP EVM sidechain deploys 1,400 smart contracts in the first week.
- Upbit’s XRP volume surge hints at Korea-led price action and coordinated buying interest.
XRP has broken through key technical resistance levels while recording massive trading volume in South Korean markets. Upbit exchange processed $1.94 billion in XRP transactions within a single hour, accounting for the largest portion of global cryptocurrency trading volume during the period.
Volume data from Coinglass shows XRP dominating exchange activity, with Binance recording $11.16 million, while Bybit, Coinbase, and other major platforms registered lower volumes. The concentration of trading activity on the Korean exchange suggests strong regional demand for the digital asset.
Smart Contracts Expand XRP’s Use Cases
XRP EVM sidechain experienced 1,400 smart contract deployments in its inaugural week of operation. The activity indicates that developer interest in building applications on top of XRP’s framework is expanding beyond conventional payment use cases.
Price performance data show that XRP has risen 2.0% over the past seven days and 3.4% over the past 30 days. One-year performance stands at 441.4%, placing XRP among the top-performing major cryptocurrencies in the long term.
Technical Breakout Driven by Triangle Formation
The technical breakout comes after weeks of consolidation in a triangular pattern on weekly charts. Dark Defender’s analysis indicates XRP has crossed into what traders refer to as “the dark side,” which is unexplored price territory above past resistance levels.
Despite the price surge, the breakout was short-lived. After the price reached nearly $2.35, the momentum faded, causing the price to retreat to post-surge levels. At press time, XRP is trading at $2.26, with a market capitalization of $133.61 billion and a trading volume of $4.77 billion.
Korean trading activity often acts as a leading price indicator, especially for cryptocurrencies with strong local investor interest, such as XRP. The extreme volume concentration on Upbit exceeds typical trading patterns and may suggest coordinated buying interest.
The EVM sidechain release brings smart contract functionality to XRP while preserving compatibility with Ethereum-based applications. This enhancement addresses earlier limitations that confined XRP primarily to payment use cases.
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