BTCC / BTCC Square / XRP News /
XRP’s Trading Frenzy: Upbit and Binance Battle for Supremacy as Volume Skyrockets

XRP’s Trading Frenzy: Upbit and Binance Battle for Supremacy as Volume Skyrockets

Author:
XRP News
Published:
2026-01-16 18:29:12
4
2
[TRADE_PLUGIN]XRPUSDT,XRPUSDT[/TRADE_PLUGIN]

In a stunning display of market dynamics, XRP has erupted with a dramatic surge in spot trading volume, spotlighting a fierce battle for dominance between two of the world's leading cryptocurrency exchanges. Data from Coinglass reveals that within a single hour, XRP trading volume on the South Korean exchange Upbit exploded by an astonishing 156%, while global giant Binance saw a significant 69% increase. This simultaneous spike is not a coincidence but a direct result of intensifying competition between Upbit and Binance for market share in XRP trading pairs. The surge highlights XRP's renewed vigor and liquidity within the broader cryptocurrency ecosystem, suggesting a potential shift in trader focus and exchange allegiance. For a professional with a bullish outlook, this is a powerful signal: such explosive, competition-driven volume increases often precede significant price movements and indicate deep, sustained market interest. It demonstrates that XRP remains a major liquidity battleground, with exchanges actively competing to capture its trading flow—a testament to the asset's enduring relevance and utility. This activity could be the precursor to a major breakout, as heightened exchange competition typically leads to improved liquidity, tighter spreads, and increased institutional and retail attention, all of which are fundamental bullish catalysts for any digital asset's valuation trajectory.

XRP Trading Volume Surges on Upbit and Binance Amid Exchange Competition

XRP spot trading volumes have experienced dramatic increases on Upbit and Binance, rising 156% and 69% respectively within a single hour. The surge coincides with intensifying competition between the two exchanges for market dominance in XRP trading pairs.

Data from Coinglass confirms the volume spike, highlighting XRP's renewed activity amid broader cryptocurrency market movements. The token's liquidity appears to be consolidating around these two major platforms as traders seek optimal execution venues.

XRP Completes Backtest of 2-Week Ichimoku Cloud Breakout

XRP has successfully retested its breakout from the Ichimoku Cloud on the two-week chart, a technical milestone noted by market analyst Cantonese Cat. The confirmation suggests strengthening bullish momentum for the digital asset.

Ichimoku Cloud analysis, a comprehensive Japanese technical indicator, provides insights into support/resistance levels and trend direction. A clean backtest of this magnitude typically precedes sustained price movements.

Ripple’s $150M LMAX Bet Puts XRP on Institutional Trading Rails

Ripple has forged a strategic partnership with LMAX Group, marking a significant step toward bridging traditional finance and digital assets. The collaboration centers on Ripple USD (RLUSD), which will serve as a core collateral asset across LMAX's global trading platform. This integration enables banks, brokers, and institutional funds to seamlessly trade across crypto and traditional markets using RLUSD as a bridge currency.

The deal includes a $150 million financing commitment from Ripple to support LMAX's expansion, signaling a deeper entrenchment in institutional trading infrastructure. RLUSD's role as a unified settlement asset reduces margin pressure, enhances liquidity, and provides 24/7 access to cross-asset markets—addressing critical pain points for institutional participants.

XRP Nears Critical Resistance as Analyst Warns of Potential Pullback

XRP faces a decisive moment as it approaches the $2.27 Fibonacci resistance level, a threshold that could determine whether its recent rally sustains or reverses. Crypto analyst Zach Rector highlights the 0.236 Fibonacci retracement as a make-or-break zone, with rejection signaling weakening momentum while a breakout could propel prices toward $2.40.

Regulatory uncertainty looms as delayed U.S. crypto frameworks inject volatility into XRP markets. The token has historically exhibited heightened sensitivity to legal developments, with past surges and corrections closely tied to regulatory news cycles.

Market participants watch for confirmation of either trend continuation or reversal, with the $2.17-$2.27 range serving as the immediate battleground for bulls and bears.

Crypto YouTuber Counters $1,000 XRP Price Prediction, Citing Market Realities

A prominent crypto YouTuber has pushed back against claims that XRP could surge to $1,000, calling such projections unrealistic in the current market environment. The debate stems from commentary by crypto analyst Mason Versluis, who urged XRP holders to temper expectations, emphasizing that a four-figure price target is unlikely in the NEAR term.

The discussion highlights the divide between bullish speculators and pragmatic voices in the XRP community. While long-term Optimism persists for the digital asset, short-term price predictions often clash with broader market conditions and adoption timelines.

XRP Ledger's DEX Poised for Breakout by 2026 as DeFi Momentum Builds

The XRP Ledger's decentralized exchange (DEX) is emerging as a focal point for 2026, with validators and Ripple executives signaling accelerated DeFi integration. Market observers note the growing consensus among developers that the ledger's native capabilities could unlock new liquidity pathways.

Unlike speculative altcoin projects, the XRP Ledger's institutional-grade infrastructure positions it uniquely for decentralized finance adoption. The timing aligns with broader crypto market maturation, where regulatory clarity may benefit established protocols.

|Square

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

All articles reposted on this platform are sourced from public networks and are intended solely for the purpose of disseminating industry information. They do not represent any official stance of BTCC. All intellectual property rights belong to their original authors. If you believe any content infringes upon your rights or is suspected of copyright violation, please contact us at [email protected]. We will address the matter promptly and in accordance with applicable laws.BTCC makes no explicit or implied warranties regarding the accuracy, timeliness, or completeness of the republished information and assumes no direct or indirect liability for any consequences arising from reliance on such content. All materials are provided for industry research reference only and shall not be construed as investment, legal, or business advice. BTCC bears no legal responsibility for any actions taken based on the content provided herein.