PANews reported on May 13th that, according to CoinDesk, XRP's 24-hour trading volume on major South Korean exchanges surpassed that of Bitcoin and Ethereum. In the past 24 hours, the XRP/KRW trading pair saw approximately $110.9 million in trading volume on Upbit, exceeding Bitcoin's $88.6 million and Ethereum's $67 million; it ranked second on Bithumb, only behind USDT/KRW.

South Korea has consistently been one of the most active speculative markets for XRP, but XRP prices have only fluctuated slightly, trading between $1.44 and $1.45, with a weekly gain of about 3%, failing to break through the resistance zone of $1.49 to $1.50 established since February. The South Korean Kospi index fell sharply on Tuesday due to comments on tax policy, indicating that market risk appetite is sensitive, with investors focusing on trading XRP rather than chasing higher-risk assets across the board.