Upbit Don Record $1.09B XRP Surge, Dem Dey Lead Global Trading
After SEC dismiss dem lawsuit against Ripple, XRP trading volume rush up for di world, with South Korea Upbit exchange leading di way. For 24 hours, Upbit record $1.09 billion for XRP trading volume, pass Binance wey get $966.8 million and Coinbase wey get $450.3 million. Bybit, Kraken, and OKX sef get big activity, with volume of $399.7 million, $222.1 million, and $221.1 million respectively. Crypto data analyst X Finance Bull talk say dis sharp rise na because traders get FOMO after SEC case close. Community feedback show say more volume fit come when more South Korean traders start dey active. Dis spike na strong shift for XRP trading volume distribution and e show how regulatory outcome dey affect market dynamics.
Bullish
Di sharp increase for XRP trade volume once SEC case close na means say e dey bullish sign. Normally, XRP volumes and prices dey jump after big regulatory update dem; for example, similar uptick after SEC settlement for early 2023 come happen before price jump of 30%. Di rising volumes for Upbit and other big exchange dem dey show say buyers interest strong well well, this one dey usually make short-term price rise and increase volatility. For medium time, steady high XRP trade volume dey improve market liquidity, reduce spread dem and make price stable. SEC decision dey give clear regulatory picture, e dey often attract institution investors and boost bullish momentum. For long time, persistent demand wey dey happen because of less legal uncertainty fit make XRP get firm position for cross-border settlements, encourage adoption and fit cause price slowly go up. But still, traders suppose dey watch well for profit-taking and any new regulatory update wey fit slow the rally.