- XRP saw a record-breaking $2.39B net inflow within one hour on South Korea’s Upbit exchange.
- Volume on Upbit hit $9.11 billion, outpacing Bitcoin and Ethereum combined.
- Experts suggest institutional players, not just retail traders, are driving this surge.
- The XRP market may be experiencing an influx from Ripple Payments and Korean interest.
XRP Hits Historic $2.39B Net Inflow in Just One Hour on Upbit
XRP has just hit a major market milestone, recording its highest-ever hourly net inflow of $2.39 billion on July 11, according to Ripple community pundit Chad Steingraber. This unprecedented surge occurred within a single hour on Upbit, South Korea’s largest crypto exchange by trading volume.
The news follows a steady rise in XRP trading activity, with volumes and netflows consistently increasing over the past week. On July 7, XRP registered $1.98 billion in volume and $1.58 billion in net inflows within one hour—already an impressive feat. But this week’s record has taken market watchers by surprise.
Also Read: XRP Surges 80% as Ripple ETF Nears $250M: What’s Fueling the Rally?
XRP Volume Surges Beyond Bitcoin and Ethereum in Korea
XForceGlobal, a certified Elliott Wave analyst based in South Korea, has noted that XRP’s volume on Korean exchanges now surpasses Bitcoin and Ethereum combined. He suggests that Korean traders, both institutional and retail, are increasingly eyeing Ripple amid growing interest and momentum.
While some believe this uptick could signal retail frenzy, analysts like Steingraber think otherwise. The sheer scale of XRP being moved—millions of tokens per transaction—suggests the presence of institutional entities, possibly leveraging Ripple Payments (formerly ODL) on Upbit.
Ripple Payments and Institutional Activity Driving Momentum?
Steingraber and other experts point to Ripple Payments infrastructure as a potential catalyst for these record-breaking inflows. With millions in Ripple being transacted, it seems unlikely this activity is purely speculative. Supporting this, analyst Dom revealed that Upbit alone accounted for $13 million in XRP purchases during a broader $30 million global spike in buying activity.
This suggests that Korean exchanges, and Upbit in particular, may be acting as gateways for institutional accumulation—a bullish signal for XRP’s long-term trajectory.
XRP’s recent $2.39 billion net inflow on Upbit marks a historic moment for the crypto asset. With institutional signals flashing and Korean volume outpacing top tokens, XRP could be on the verge of a significant breakout phase. As Ripple Payments infrastructure gains adoption and market confidence grows, all eyes will remain on the next wave of XRP accumulation.
