XRP leads trading volume on Upbit amid broader crypto market rebound

XRP emerged as the top traded asset on Upbit, South Korea’s largest cryptocurrency exchange, surpassing both Bitcoin and USDT during the week ending October 18. Despite this ranking, Upbit’s total weekly trading volume reached 8.35 trillion won (approximately $6.28 billion), representing a 15.5% decrease from the previous week.

This decline at Upbit was less severe than the 19.56% reduction in volume reported across major global exchanges. While XRP’s top position indicates high relative activity on the platform, the data does not specify the exact turnover for XRP or confirm a trend in price direction.

On a broader scale, the cryptocurrency market has shown signs of recovery. Bitcoin traded near $84,500, contributing to a total market capitalization of approximately $2.9 trillion. Other assets also saw gains, with XRP rising 4.1% and Zcash jumping 11.2%. The Crypto Fear & Greed Index moved to a neutral reading of 55, suggesting a stabilization in trader sentiment following recent market volatility.