XRP Price Jumps as Korea Volume Overtakes Bitcoin –  Is $2 Next?

XRP price has jumped over 1.5% to near $1.51 in the past 24 hours as trading activity surges in South Korea. Its XRP/KRW pair on Upbit recorded $72.3 million in 24-hour volume, beating Bitcoin’s BTC/KRW pair. 

Meanwhile, veteran trader Peter Brandt sees a possible cup pattern forming on XRP, pointing to a potential breakout.

XRP/KRW Volume Surges Above Bitcoin in Korea

The sharp rise in Korean trading activity has boosted XRP price up today. On October 5, XRP/KRW recorded $72.3 million in 24-hour volume on Upbit, a South Korean crypto exchange. This was higher than Bitcoin’s $66.4 million, showing strong demand for XRP among Korean traders.

The surge comes as the XRP Asia organization launched during Korea Blockchain Week at the Grand Hyatt. The event may have added to local interest and helped drive trading activity.

XRP ETF Inflows Add More Buying Pressure

The stronger spot activity is also being supported by continued institutional demand through U.S. spot XRP ETFs.

The funds recorded another $4.74 million in weekly net inflows, extending their positive inflow streak to 12 consecutive weeks. Bitwise led the latest inflows with $2.11 million and has now recorded more than $678.4 million in cumulative net inflows.

Peter Brandt Watches XRP for a Breakout

Meanwhile, Veteran trader Peter Brandt’s latest XRP chart shows a possible bullish reversal, with XRP forming an inverse head-and-shoulders pattern around the 1.55 area. The setup is important as XRP is now testing the pattern’s neckline, which could decide its next major move.

The 1.55 zone is the key level. XRP needs to break and hold above this area to confirm the pattern. The setup has a left shoulder, a deeper low forming the head, and a higher right shoulder. A confirmed breakout would signal stronger buying pressure.

Brandt’s chart shows the next major resistance near $1.6572. If XRP breaks above this level, the price could target $1.70, followed by the $2.00 region.

The chart also compares the current setup with XRP’s earlier long-term breakout patterns, including the structures that preceded its major 2017 rally and late-2024 move.

What Could Impact XRP Price in the Coming Days?

A key event for XRP in the coming days will be the expected launch of two XRP Ledger updates. The Batch (V1.1) and Permission Delegation changes are expected to go live around Oct. 8–9, 2026.

These updates could make the network faster and easier to use for large transactions. They may also make the XRP Ledger more useful for banks and other big companies.