Altcoins News
By Steven Anderson
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Capital Rotating Hard Out of Tech Stocks. For most of the first half of 2026, South Korean retail investors weren't really thinking about…
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XRP Price Hits $1.51, Breaks Out of Downtrend. The capital inflow did something technically significant.
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Exchange Revenues and the Durability Question. Earlier in 2026, capital outflows hit Korean exchange revenues hard. Upbit and Bithumb both felt it.
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XRP is running. On Monday, the token's XRP/KRW pair on Upbit hit $319 million in trading volume — 21.86% of all activity on the exchange in a single session.
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That's not a small number. To put it in context: Bitcoin pulled $125.33 million on the same day, Tether came in at $179 million, and Ethereum managed just $92 million.
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That changed fast. Investors started rotating back, and when they came back, they didn't spread capital evenly.
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Whether that rotation sticks is unclear. South Korean traders have whipsawed between equities and crypto before. But right now, the momentum is unmistakably on the crypto side.
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The capital inflow did something technically significant. XRP broke above a long-term downtrend — one that had been in place since July of the previous year.
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That's not a small move. Getting above a year-long downtrend line takes sustained buying pressure, not a one-session pop. South Korean traders seem to be providing exactly that.
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More context: Shiba Inu Joins Bitcoin and Ethereum on Nomura-Backed Laser Digital Japan Exchange
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And yet — the "Kimchi premium" is still negative. It's sitting around -0.5%, which is kind of counterintuitive.
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That's actually a different dynamic than past XRP surges in Korea, where the premium went sharply positive.
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Maintaining this pace is what nobody can guarantee. $1.8 billion in daily turnover at Upbit is a strong session, but it's a single data point.
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Read also: Morpho Token Surges 17% but Struggles to Break $2.929 Resistance Barrier
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XRP's breakout above the July downtrend line is real. The $319 million volume figure is real. The 250% single-day surge at Upbit is real.
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