XRP Leads Upbit Volume as Monero Surges in Mixed Crypto Market

1 hour ago 2 sources neutral

Key takeaways:

  • XRP's Upbit dominance despite volume slump signals resilient Korean retail demand amid market consolidation.
  • Bitcoin's flat price and declining exchange turnover suggest cautious sentiment, limiting near-term breakout potential.
  • Monero's 12.2% surge against large-cap weakness highlights privacy-coin demand as a speculative hedge.

XRP ranked as the most-traded asset on South Korea’s largest exchange Upbit during the week ending October 18, even as the platform’s weekly turnover declined 15.5% to 8.35 trillion won, or about $6.28 billion. The exchange’s drop was smaller than the 19.56% average decline recorded across major exchanges, according to BSCN. XRP traded near $1.30 in the supplied snapshot, but individual turnover figures for XRP, Bitcoin, and USDT were not provided, meaning the size of XRP’s volume lead could not be calculated.

In the wider market, Bitcoin slipped 0.2% to $82,371.86, with market capitalization reaching $1.65 trillion and trading volume totaling $37.16 billion. Ethereum declined 0.2% to $2,428.51, while BNB lost 0.6% to $737.44. XRP gained 0.7% to $1.34, Solana declined 1.0% to $104.39, and Dogecoin fell 1.9% to $0.07961. Monero outperformed major peers with a 12.2% surge to $645.26.

Smaller tokens posted some of the largest gains: Astronaut rose 1,143.8% to $0.01475, Yellow added 190.9%, Magma Finance climbed 64.7%, and Irys advanced 48.9%. Overall, trading conditions were uneven, with lower exchange turnover and divergent performance across large-cap and smaller tokens.

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