The 80-Day XRP Price Downtrend Meets a Wall of Korean Bids
XRP worth is down about 2% on the day, but it simply bounced roughly 4% off its August low as South Korea retains stacking bids underneath the market.
The bounce isn’t a confirmed reversal. XRP worth nonetheless trades inside a falling channel that has capped each rally since May 14, 2026. South Korea, nevertheless, is flashing an unusually tidy set of early indicators.
South Korea is Buying XRP
XRP ranks third amongst 275 Korean gained markets on Upbit by 24-hour buying and selling quantity, behind solely Tether and Bitcoin. Few altcoins matter extra to South Korea’s retail merchants.
Rank measures consideration, not path, so the order e-book fills the hole. Within 1% of the market worth, mixed Upbit and Bithumb bids outweigh asks by roughly two to at least one, a hole of about 34%.
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That ratio merely compares resting purchase orders in opposition to promote orders close to the present worth. A two-to-one skew means consumers have posted much more close by liquidity than sellers, a signal of actual demand.
Korea can also be paying a small premium to the worldwide worth on Bybit, close to the highest of its seven-day vary. The lean is bullish, although nonetheless too skinny to name a full premium occasion.
Heavier Korean bids point out who’s shopping for, however momentum signifies whether or not promoting is lastly fading.
Momentum is Turning as XRP Price Stops Falling Hard
XRP worth retains making decrease lows, however the promoting is dropping energy. Since early June, worth carved a marginally decrease low into August whereas momentum made a larger low.
The Relative Strength Index (RSI), a momentum gauge that tracks how briskly latest strikes are working, climbed from beneath 20 in early June to the low 40s on the August low. That break up between falling worth and rising momentum is a basic bullish divergence.
Price already reacted, rebounding about 4% from its August 1 low, echoing a latest surge in dip buying.
Leverage isn’t driving it both. Bybit perpetual funding sits close to +0.006%, solely mildly constructive. Funding is the price lengthy merchants pay shorts to carry a place, and this studying is way from overheated.
If momentum is popping, the subsequent take a look at is whether or not giant holders and funds agree.
Whales and ETFs Back the South Korea Signal
The flip isn’t standing alone. Santiment information exhibits the share of XRP held by the 100 million to 1 billion cohort jumped from 10.66% to 11.98% round August 1.
Those are wallets holding between 100 million and 1 billion XRP, and the transfer suggests giant holders might have added to weak momentum, although such shifts may replicate pockets relabeling.
Fund demand is enhancing too. XRP spot ETF inflows reached $14.86 million within the week ending July 31, the strongest in 4 weeks.
The run improved from a $7.18 million outflow to $6.78 million, then $8.15 million, then $14.86 million, matching the broader August XRP outlook.
Institutions should not flooding in, however the path of demand has clearly modified.
Bids, momentum, and flows all level a technique, leaving a single barrier on the chart.
XRP Price Levels That Decide the Reversal
Here, the setup is gained or misplaced. XRP price wants a each day shut above $1.09 to interrupt the falling channel and make sure the shift.
A clear break opens room towards $1.16, then the July swing close to $1.18, with $1.29 because the prolonged goal. Traders can weigh these in opposition to the complete XRP price forecast.
The ground issues simply as a lot. XRP should reclaim $1.08, the 0.618 Fibonacci retracement, to maintain the bounce alive.
Staying underneath $1.08 on a each day shut would expose $1.03, then $0.95, which sits close to the channel midline. South Korea’s seen bid may vanish if these orders are pulled.
A each day shut above $1.09 separates a South Korea-led XRP worth reversal from one other rejection again towards the channel midline.
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