Trading volume in XRP and Dogecoin (DOGE) has surged past Bitcoin (BTC) on South Korean exchanges, including Upbit and Bithumb, this week. This spike is driven by recent positive developments such as favorable U.S. regulatory changes for XRP and endorsements from notable figures like Elon Musk for Dogecoin.

• XRP and DOGE have both seen over 100% price increases in the last two weeks.
• South Korean traders are particularly influential in pushing prices, contributing to market stability for these tokens.

CoinGecko's data reveals that in the past 24 hours, XRP and DOGE accounted for around 30% of trading volumes on Upbit and 20% on Bithumb. Such figures indicate a growing demand for these tokens in the region. However, it's important to note that some of this trading volume may be the result of wash trading, where automated systems create the appearance of high trading activity.

Despite these fluctuations, the outlook for XRP remains optimistic as it has maintained its value above $1 following a robust rally.

"XRP is holding steady above $1 after a powerful rally—the strongest in three years! While intraday charts hint at a possible pullback, it could set the stage for another upward move," said a market analyst.

Overall, these trends suggest that while the trading volumes might be reflective of a frothy market, there is potential for continued gains.