XRP Breaks Record With $2.39B Inflow in One Hour

XRP has made history after posting a staggering $2.39 billion net inflow within just one hour, a milestone that underscores its growing influence in the cryptocurrency space. This extraordinary event marks the first time the XRP market has witnessed a net inflow exceeding $1 billion over such a short timeframe.

The revelation came from Chad Steingraber, a well-known developer and thought leader in the XRP community. According to Steingraber, recent data from Upbit—South Korea’s largest cryptocurrency exchange—shows a sharp increase in trading volume and net inflows for XRP, with several instances of record-breaking activity in just a matter of days.

Unprecedented Volumes Trigger Market Buzz

Just four days prior to this monumental inflow, The Crypto Basic reported that XRP had experienced a 1-hour trading volume of $1.98 billion and a net inflow of $1.58 billion on July 7. These numbers shocked market watchers and hinted that something major was brewing in the Korean markets.

The July 11 update delivered by Steingraber offers even more eye-popping figures: a $2.39 billion net inflow within an hour, alongside an astonishing $9.11 billion in total trading volume for XRP on Upbit during the same timeframe. This development highlights a surging investor appetite for XRP, especially in the Asian markets.

Korea Becomes Ground Zero for XRP Volume

Supporting the significance of this dramatic uptick, XForceGlobal—a South Korean-based certified Elliott Wave analyst—commented that XRP trading volume in Korea has now surpassed that of both Bitcoin and Ethereum combined. He emphasized that the current numbers even outmatch the levels seen during XRP’s rally past $3 last December. According to him, the influx is primarily driven by an overwhelming participation from Korean retail investors.

Institutional Influence Behind the Curtain

Despite what appears to be growing retail activity, Steingraber and other XRP analysts argue that the sheer scale of these net inflows suggests institutional involvement. In a recent post, he suggested that Upbit might be handling large-scale XRP transfers, indicative of enterprise-level transactions. He linked this pattern to Ripple’s ODL solution—recently rebranded as Ripple Payments.

These suspiciously large transactions suggest more strategic activities, potentially related to cross-border payment functionalities or liquidity provisioning solutions, rather than simple retail speculation. This theory aligns with the broader Ripple agenda of institutional adoption and global financial integration via blockchain-powered rails.

Order Book Trends Highlight Korean Markets

Further backing this analysis, order book specialist Dom provided additional data showing notable buying interest on Upbit. In particular, he noted that Koreans purchased close to $13 million worth of XRP on the exchange within one hour, contributing significantly to a $30 million global uptick in the token’s acquisition. He suggested that this buying pressure played a part in XRP’s recent rally to $2.80.

Dom’s insights reinforce the growing dominance of the Korean market in influencing XRP’s short-term trading behavior, making it a vital region to watch for both traders and analysts alike.

Related: XRP Price: $12M Max Pain for Bears

Overall, the unprecedented $2.39 billion net inflow within an hour represents a seismic moment for XRP. While it remains unclear whether retail or institutions are the primary players behind this volume surge, one thing is certain: XRP is capturing serious attention in 2025, and South Korea is leading the charge.