XRP Rules South Korea — $2.70 to $2.80 Emerges as the Make-or-Break Range
XRP Takes Over Korea: Tops Upbit with $330M, Crushing ETH and BTC
XRP is making waves in South Korea’s crypto market, emerging as the dominant digital asset on Upbit, one of the nation’s largest cryptocurrency exchanges.
According to market analyst Xaif Crypto, XRP surged to the top spot with a staggering $330 million in trading volume, outperforming Ethereum at $258 million and Bitcoin’s $137 million by a significant margin.
XRP’s surge underscores its rising influence in Asia’s crypto scene. Outpacing global attention on Bitcoin and Ethereum, its strong performance in South Korea signals robust regional adoption.
This development can be attributed to XRP’s fast transactions, low fees, and strategic financial partnerships, giving it a clear edge over larger-cap rivals.
Therefore, Xaif Crypto highlights XRP’s Korean dominance as a key global signal. Leading trading volume on Upbit suggests rising liquidity and momentum, likely drawing international traders’ attention and foreshadowing potential price action.
Meanwhile, long-term XRP holders continue to stand tall despite the present bearish outlook.
XRP Eyes Reversal as Key Support Holds Amid Descending Triangle Pressure
XRP finds itself at a critical juncture, navigating a massive descending triangle that has been shaping price action for weeks. According to market expert Lingrid, the cryptocurrency’s near-term direction hinges on the $2.70–$2.80 support zone.
Holding this level could pave the way for a bullish reversal toward $3.18, while a clean break below would confirm deeper weakness and extend the downtrend.
The descending triangle pattern has kept traders on edge, with XRP repeatedly bouncing between resistance near $3.20 and support around $2.70. Recent price action underscores the struggle between buyers and sellers.
The latest rejection from the upper boundary forced a breakout attempt, only for sellers to quickly reassert control and drag the price lower, reinforcing the market’s bearish undertone with XRP’s price currently trading at $2.76.
Notably, technical indicators reveal a tug-of-war as XRP trades within a narrowing range, signaling low volatility ahead of a potential breakout. Holding $2.70–$2.80 could tip momentum to buyers, paving the way for a rally toward the psychological price of $3.
Conversely, failure to defend the $2.70–$2.80 zone could trigger a sharper decline. Descending triangle breakdowns typically accelerate selling pressure, as traders rush to exit positions, potentially exposing XRP to lower support levels and extending the bearish phase.
Conclusion
XRP’s $330M surge on Upbit isn’t just a headline, it marks a milestone in South Korea, outpacing Ethereum and Bitcoin. This dominance highlights XRP’s rising adoption, strategic relevance, and growing influence on broader crypto markets.
On the other hand, XRP is locked in a pivotal technical setup. As long as $2.70–$2.80 holds, the outlook favors a potential bounce toward $3.18. However, a decisive breakdown would confirm further weakness and possibly extend the bearish trajectory.
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XRP Rules South Korea — $2.70 to $2.80 Emerges as the Make-or-Break Range
XRP Takes Over Korea: Tops Upbit with $330M, Crushing ETH and BTC
XRP is making waves in South Korea’s crypto market, emerging as the dominant digital asset on Upbit, one of the nation’s largest cryptocurrency exchanges.
According to market analyst Xaif Crypto, XRP surged to the top spot with a staggering $330 million in trading volume, outperforming Ethereum at $258 million and Bitcoin’s $137 million by a significant margin.
XRP’s surge underscores its rising influence in Asia’s crypto scene. Outpacing global attention on Bitcoin and Ethereum, its strong performance in South Korea signals robust regional adoption.
This development can be attributed to XRP’s fast transactions, low fees, and strategic financial partnerships, giving it a clear edge over larger-cap rivals.
Therefore, Xaif Crypto highlights XRP’s Korean dominance as a key global signal. Leading trading volume on Upbit suggests rising liquidity and momentum, likely drawing international traders’ attention and foreshadowing potential price action.
Meanwhile, long-term XRP holders continue to stand tall despite the present bearish outlook.
XRP Eyes Reversal as Key Support Holds Amid Descending Triangle Pressure
XRP finds itself at a critical juncture, navigating a massive descending triangle that has been shaping price action for weeks. According to market expert Lingrid, the cryptocurrency’s near-term direction hinges on the $2.70–$2.80 support zone.
Holding this level could pave the way for a bullish reversal toward $3.18, while a clean break below would confirm deeper weakness and extend the downtrend.
The descending triangle pattern has kept traders on edge, with XRP repeatedly bouncing between resistance near $3.20 and support around $2.70. Recent price action underscores the struggle between buyers and sellers.
The latest rejection from the upper boundary forced a breakout attempt, only for sellers to quickly reassert control and drag the price lower, reinforcing the market’s bearish undertone with XRP’s price currently trading at $2.76.
Notably, technical indicators reveal a tug-of-war as XRP trades within a narrowing range, signaling low volatility ahead of a potential breakout. Holding $2.70–$2.80 could tip momentum to buyers, paving the way for a rally toward the psychological price of $3.
Conversely, failure to defend the $2.70–$2.80 zone could trigger a sharper decline. Descending triangle breakdowns typically accelerate selling pressure, as traders rush to exit positions, potentially exposing XRP to lower support levels and extending the bearish phase.
Conclusion
XRP’s $330M surge on Upbit isn’t just a headline, it marks a milestone in South Korea, outpacing Ethereum and Bitcoin. This dominance highlights XRP’s rising adoption, strategic relevance, and growing influence on broader crypto markets.
On the other hand, XRP is locked in a pivotal technical setup. As long as $2.70–$2.80 holds, the outlook favors a potential bounce toward $3.18. However, a decisive breakdown would confirm further weakness and possibly extend the bearish trajectory.
Read More