Community Trust ScoreVerified
XRP surged 24% in a single day, hitting $1.26 and leaving every other top-100 cryptocurrency in the dust. It’s a sharp, fast move — and the numbers behind it are hard to ignore.
The seven-day gain sits at 31%, per recent market data. And the rally didn’t happen in a vacuum. Other large-cap tokens had strong sessions too — Hyperliquid climbed 19.4%, Ethena rose 18.8%, Pump.fun gained 18.6%, Pepe was up 17.6%, Filecoin added 16.7%, Dogecoin moved 14.2%, and Cronos ticked up 13.7%. Big numbers across the board. But XRP’s move still topped all of them. As the fifth-largest cryptocurrency by market cap, it’s not exactly a small token that can be pumped easily — which makes the 24-hour swing that much more striking. Trading volume hit roughly $6.34 billion in that window. That’s a lot of hands moving a lot of XRP.
South Korea is a big part of the story.
Upbit and South Korean Retail Traders Drive the Volume
Upbit, the country’s largest exchange, recorded over $399 million in XRP trading volume during the surge. South Korean retail traders have historically been heavy XRP buyers — that’s not new — but the scale of activity here is worth paying attention to. Retail interest in the region has long been a structural driver for XRP specifically, more so than for many other large-cap assets. When South Korean traders move, XRP tends to feel it. And right now, they’re moving.
It’s probably not the only factor. But it’s clearly a significant one.
Meanwhile, on the institutional side, Bitwise’s XRP exchange-traded fund saw trading volume exceed $55 million. Hunter Horsley, CEO of Bitwise, called it a “massive spike.” That kind of language from an ETF provider tends to mean something — ETF volume doesn’t usually get described that way unless the numbers genuinely stand out against recent averages. Unclear exactly where that volume came from, whether institutional desks or retail investors routing through ETF wrappers, but the figure itself is notable regardless.
BitPay Adds XRP Support for U.S. and International Users
On the adoption side, BitPay made a move that’s worth flagging separately from the price action. The platform announced XRP is now supported in its wallet, letting users in the United States and other countries buy, swap, and sell the token. Users can manage XRP transactions directly while keeping control over their private keys — that’s a meaningful distinction from custodial setups where the platform holds the assets on your behalf.
It’s a practical expansion of XRP’s usability. Not flashy, but real. BitPay adding a token to its wallet doesn’t guarantee adoption, but it does widen the on-ramp for people who weren’t already using centralized exchanges to get exposure. That matters for a token trying to grow beyond its existing base.
So you’ve got three things happening roughly at once: a sharp price rally, a spike in ETF volume, and a wallet integration that broadens accessibility. Whether those are connected or just coincidental timing is kind of unclear. Markets rarely move for one reason.
XRP’s Position Among Top 100 Tokens
The broader crypto market had a strong session, no question. Tokens across the top 100 posted gains, and the general mood seemed risk-on. But XRP’s 24% move still stood alone at the top of the leaderboard. For a token of its size — fifth-largest by market cap — that kind of daily swing is genuinely unusual. Smaller tokens can move 20% on thin volume and low liquidity. XRP doing it with $6.34 billion in 24-hour volume is a different situation entirely.
The seven-day gain of 31% puts it in a different category from the one-day movers too. It’s not a sudden spike that came out of nowhere and might reverse by morning. There’s been sustained buying pressure over the week.
South Korean exchanges remain a focal point for anyone trying to understand XRP’s retail dynamics. Upbit’s $399 million in volume during this period is a concrete data point, not speculation. The region’s traders have shown up for XRP before, and they showed up again here.
Bitwise’s ETF logged over $55 million in volume, and Horsley’s “massive spike” comment wasn’t buried in a press release — it was front and center.
Hub: XRP price, news, and analysis
Frequently Asked Questions
What price did XRP reach during the 24-hour surge?
XRP hit $1.26 after gaining 24% in 24 hours, with a seven-day increase of 31% according to recent market data.
How much did Bitwise’s XRP ETF trade during the rally?
Bitwise’s XRP exchange-traded fund recorded trading volume exceeding $55 million, which CEO Hunter Horsley called a “massive spike.”
Why It Matters
The 24% surge in XRP highlights a significant momentum shift within the cryptocurrency market, signaling renewed investor interest and confidence in altcoins, particularly in the wake of broader market rallies among other large-cap tokens. This increase could indicate a potential trend reversal for XRP, which has faced regulatory scrutiny in the past, and may also reflect a broader bullish sentiment in the crypto space as trading volumes, such as the $55 million in the Bitwise ETF, suggest heightened market participation. Such developments are crucial for market analysts to monitor, as they may influence investor strategies and market dynamics in the coming weeks.
