[DigitalToday reporter Yoonseo Lee] XRP on the 20th (local time) jumped as much as about 24 percent at one point, posting the biggest gain among the top 100 cryptocurrencies by market value.

According to blockchain outlet U.Today, XRP rose to about $1.26. It also gained about 31 percent over the past 7 days, maintaining a bullish trend.

XRP’s jump beat other major altcoins that posted double-digit gains. Over the same period, Hyperliquid (HYPE) rose 19.4 percent, Ethena (ENA) gained 18.8 percent and Pumpfun (PUMP) climbed 18.6 percent. Pepe (PEPE) and Filecoin (FIL) rose 17.6 percent and 16.7 percent, respectively, while Dogecoin (DOGE) and Cronos (CRO) gained 14.2 percent and 13.7 percent.

It also drew attention that a major cryptocurrency recorded such gains. XRP ranks fifth among cryptocurrencies with a market value of about $79.15 billion. Its 24-hour trading volume was about $6.34 billion.

Active trading by South Korean investors was also cited as a key driver of the rise. On cryptocurrency exchange Upbit, XRP’s 24-hour trading volume topped $399 million. XRP has also shown strong trading demand among South Korean retail investors.

Exchange-traded fund (ETF) trading was also active. Hunter Horsley (헌터 호슬리), CEO of Bitwise, said the company’s spot XRP ETF product, 'XRP', recorded more than $55 million in trading volume that day.

Rising volumes on both Upbit and the spot XRP ETF can be interpreted as a sign of growing interest in both retail and institutional products. Volume includes both buys and sells, however, making it difficult to view it directly as net inflows.

An expanded rollout of support by payment services provider BitPay also coincided with the rally. BitPay added a function allowing users in supported countries, including the United States, to directly buy, exchange and sell XRP through the BitPay Wallet. Users can use the service while managing their private keys themselves. BitPay support is seen as a factor expanding utility by broadening channels for trading and custody of XRP.

With the sharp jump, XRP showed standout relative strength among major cryptocurrencies. Key points to watch are whether the rise in trading volume will be sustained and whether XRP can keep strong upside momentum versus top-ranked assets even after the short-term spike.