XRP just beat Bitcoin on Upbit volume. The transaction data isn't confirming it.
South Korean traders are back on XRP, but the on-chain read is not clean enough to call this confirmed.
CryptoVibe Desk · xrp · upbit · bitcoin
- →XRP traded more than Bitcoin on Upbit on July 3, with BeInCrypto reporting roughly 113.18 million XRP in 24-hour volume.
- →AMBCrypto, citing Santiment and CryptoQuant, showed deep holder losses and a sharp NVT spike that weakens the demand story.
- →Before next Friday, the key test is whether XRP holds above $1.09 while Upbit volume stays ahead of Bitcoin.
- MVRV → MVRV compares a coin's market price with the average price holders paid for it.
- NVT → NVT compares a network's market value with the value actually moving across it.
- SuperTrend → SuperTrend is a chart signal traders use to track whether price momentum has flipped up or down.
On July 3, XRP did roughly 113.18 million tokens on Upbit over 24 hours.
BeInCrypto said that was enough to beat Bitcoin volume on South Korea's largest exchange. XRP traded near $1.09 on Upbit in that report. For XRP, that market matters. South Korean retail has carried real weight in past XRP runs.
The tape matches the story, for now. AMBCrypto said XRP traded around $1.1014 on July 3 after reclaiming the $1.0385 support zone. The same report cited Ali Charts for XRP's first SuperTrend buy signal since mid-June.
But the on-chain read is messier. AMBCrypto, citing Santiment, put XRP's 30-day MVRV at -45% and its 365-day MVRV at -47%. That says holders were deep underwater. It can mark seller exhaustion, but it doesn't prove new demand.
The number to watch is NVT. CryptoQuant data in the same AMBCrypto report put XRP's NVT at 194.71, up 470.92% in 24 hours. That means market value ran ahead of transaction value. If you're holding XRP, that's the catch.
Price now has a clear test. BeInCrypto framed $1.14 to $1.15 as the next short-term zone. AMBCrypto put the larger resistance at $1.2352. A volume flip is useful. A volume flip with network demand is cleaner.
XRP bulls' choice to treat Upbit volume as confirmation looks early because AMBCrypto's cited NVT jumped 470.92% while usage lagged.
Before next Friday, watch whether XRP holds above $1.09 and Upbit volume stays above Bitcoin's for two straight 24-hour sessions.
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