XRP has dominated trading volumes on South Korean exchanges, significantly surpassing Bitcoin and Ethereum. Within a 24-hour period, XRP achieved an impressive $600 million in trading volume on UpBit and over $200 million on Bithumb, while Bitcoin's volumes were less than half of XRP's. This surge in trading volume often indicates potential price volatility, as traders anticipate market movements. XRP's popularity among South Korean traders is bolstered by local political developments that frequently impact market dynamics. Recently, the issuance of an arrest warrant for President Yoon Suk Yeol, due to a controversial martial law decision, has contributed to a flurry of trading in XRP. Historically, increased trading volumes among South Korean traders lead to significant price movements, as they are known for creating bullish market conditions for cryptocurrencies.

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