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XRP Bounces 4% From August Low as Korean Buyers Push Two-to-One Bid Ratio
['Sydney Thecmo']
The Currency analytics
South Korean retail traders are doing a lot of the heavy lifting, and the order books on local exchanges make that pretty clear.
On Upbit, XRP ranks third by trading volume across 275 Korean won markets — sitting behind only Tether and Bitcoin.
A drop toward those numbers would pretty much erase the optimism that’s built up around the South Korean bid activity.
The RSI divergence, the wallet accumulation, the ETF inflows, the Korean order book — all of it is constructive.
Hub: XRP price, news, and analysisFrequently Asked Questions Why are South Korean exchanges important for XRP’s price right now?