XRP’s recent decline has pushed its price toward key long-term support levels based on trading volume and historical averages. One notable market analyst points to Korea as the main source of recent selling pressure.
Trader Dom (@traderview2) shared charts indicating that XRP has touched its 12-month rolling volume-weighted average price (rVWAP) for the first time this year. He emphasized that staying below this level would be unfavorable, warning that a breakdown could lead to a drop toward $2. If buyers want to reverse the trend, they need to push the price back above $2.50.
Dom also noted that current order books show more buyers than sellers, which is positive, but if the recent low is broken, the price could fall toward $2 where stronger buy interest lies. The current setup, with the price testing the 12-month rVWAP after failing to hold above previous resistance, often marks a shift from trending to range-bound behavior. Falling below this level has historically led to further declines toward high-volume support zones.
Selling pressure appears concentrated in Korea, increasing the risk of a deeper price drop. Dom observed that 84% of spot selling over the past two days came from Upbit, a Korean exchange. Data confirms that Upbit saw significant net selling, while other major exchanges like Binance and Coinbase showed relatively balanced activity.
Another analyst, IncomeSharks, highlighted a broad demand zone just below $2.00 on the daily chart, suggesting that investors who missed buying under $2 may get another opportunity. The chart shows that XRP failed to break above key resistance after its late-summer rally and has since formed lower highs, leaving room for a drop toward the $2.00 support area. If that level fails, a decline to $1.80–$1.70 is possible.
At the time of writing, XRP was trading at $2.21.
Frequently Asked Questions
Of course Here is a list of helpful and clear FAQs about the topic
BeginnerLevel Questions
1 What does it mean that 84 of XRP selling pressure is from South Korea
It means that out of all the people selling XRP around the world a very large majority are selling it on South Korean cryptocurrency exchanges This high volume of sales is pushing the price down
2 Why is selling pressure important
Selling pressure is important because when many people sell an asset at once the price typically falls Think of it as an oversupply there are more people wanting to sell than there are people wanting to buy at the current price
3 What is the Kimchi Premium Ive heard about
The Kimchi Premium is a term for the phenomenon where the price of cryptocurrencies including XRP is often higher on South Korean exchanges than on international ones This price difference can create unique trading opportunities and behaviors
4 Why would South Korean traders be selling so much XRP
There are a few possible reasons
ProfitTaking If they bought XRP at a lower price they are selling to lock in their profits as the price nears 2
Local Regulations or News Negative news or regulatory uncertainty specific to South Korea could be causing investors to sell
Arbitrage They might be selling on Korean exchanges to buy back on international exchanges making a profit from the difference
Advanced MarketFocused Questions
5 How can selling pressure from just one country have such a big impact
South Korea is one of the worlds most active and liquid cryptocurrency markets When a huge portion of trading volume for a specific asset is concentrated in one region the actions of traders in that region can disproportionately influence the global price
6 Could this selling pressure prevent XRP from reaching 2
Potentially yes Significant and sustained selling pressure creates a resistance level which is like a ceiling for the price For XRP to break through and reach 2 it would need a wave of buying pressure strong enough to absorb all the sell orders from South Korea and elsewhere
7 What is the connection between the Kimchi Premium and this selling pressure
The Kimchi Premium is likely