$XRP has seen a notable surge in trading activity on South Korean exchanges, with XRP/KRW becoming the most traded pair on Upbit and ranking second on Bithumb, surpassing both Bitcoin and Ethereum in local volume metrics.

Despite this spike in activity, price action remains relatively subdued, trading around the $1.44–$1.45 range and repeatedly facing resistance near $1.49–$1.50 since February while maintaining higher lows above $1.40.

The divergence between strong localized volume and muted price movement suggests concentrated speculative positioning in the Korean market. While this may signal potential accumulation ahead of a breakout, it could also reflect distribution or late-cycle positioning.

Market participants are closely watching whether liquidity above $1.50 can trigger a decisive move or if continued rejection reinforces the current range-bound structure.

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