Upbit Goes Full Degen, Nearly Outpaces Binance in XRP Volume Brawl

South Korea's crypto heavyweight, Upbit, is basically doing a victory lap around Binance's XRP trading pit. In a classic one-hour degen sprint, its XRP volume rocketed 289.52%, blasting off from $2.67 million to a cool $10.41 million – now sitting a mere 23% behind Binance's $12.82 million, like a determined altcoin nipping at the heels of the market leader.

The price action, however, is the party pooper in this narrative. XRP dipped 2.83% today, adding some bearish gloom while this volume surge screams "sell button being mashed," proving that not all spikes are created equal—some are just panic exits.

This isn't a solo act of frantic trading. The entire exchange cohort is sweating. Binance's one-hour XRP volume pumped 128.57%, Coinbase posted a 155.96% jump to $5.28 million, and Bybit saw an 87.23% increase to $1.95 million, painting a picture of coordinated, if not slightly desperate, portfolio reshuffling.

Rewinding the tape: earlier this month, XRP enjoyed a more cheerful 26% rally, climbing from a $1.27 low on Feb 28 to a $1.60 peak by March 17, before it smacked into the classic crypto ceiling of resistance and began its current graceful correction back to earth.

Data from Coinglass confirms this isn't just one exchange's fever dream but a broad-based volume explosion across major platforms, perfectly timed with the price correction gaining steam. Upbit's rapid ascent has it locked in a tight, short-term cage match with Binance for XRP market share, a reminder that in crypto, thrones are never safe for long.