The $XRP token ranked first in trading volume on South Korea's crypto market, overtaking Bitcoin and Ethereum, according to CoinMarketCap. A local surge in activity is keeping the asset's price in the $1.45–$1.52 range despite broader pressure on global markets.
The token's rise to the top coincided with the conclusion of the $XRP Seoul 2026 conference, where a regional strategy for developing distributed ledger technology was presented. Analysts, however, are urging caution when assessing Korea's trading records.
What's behind this (besides ordinary speculation)
The main market catalyst was the outcome of behind-the-scenes talks during Seoul's crypto week. According to data from XRPL Foundation exec Vet, Kakao Bank (a South Korean digital bank with a customer base of 27 million) approved a plan to deploy its own blockchain infrastructure in 2027. The financial institution is analyzing the integration of the $XRP Ledger (XRPL) for custody services and the tokenization of real-world assets (RWA).
