Massive Buy Signals Detected on Upbit
Despite a generally bearish performance in recent months, sentiment around XRP is undergoing a radical shift in Asia. It’s specifically in South Korea, the true powerhouse of the retail crypto market, where signals have turned green.
According to recent data shared by market analysts, Korean traders are taking advantage of the dip to quietly accumulate positions. Activity on XRP/KRW (Korean Won) trading pairs on Upbit, the country’s largest exchange platform, shows an abnormal resurgence in buying volumes.
This re-accumulation phenomenon often precedes violent price movements. Unlike Western investors who appear hesitant, “Kimchi Traders” seem to be betting on a bottom already reached, anticipating an imminent trend reversal.
Why the “Korean Factor” is Decisive for XRP’s Price
XRP’s history is intimately linked to South Korea. In the past, the token’s biggest bull runs have often been initiated or amplified by buying frenzies on exchanges like Bithumb and Upbit. When volumes explode in this region, it often creates sufficient buying pressure to break through global sell walls.
Arthur, market expert and BingX partner, highlighted that this new wave of activity could mark the beginning of a breakout. Accumulation periods in Korean markets are historically followed by increased volatility and rapid price increases.
If this dynamic is confirmed, we could witness a snowball effect: increasing volumes drive price higher, forcing short sellers to cover their positions, which propels the price even further north. This is the classic mechanism of a short squeeze.
Can XRP Smash Through Its Resistance and Target a New ATH?
If the support at $1.33 holds firm, the next technical target sits at the major resistance level that has been blocking the price for weeks at $1.61.
A clean break of this level, accompanied by solid volumes, would validate the end of the consolidation phase. A decisive break of this resistance could take XRP toward its 12H order block at $1.91.
The market remains volatile, but one thing is certain: Korean whales never place their bets randomly. It remains to be seen whether the rest of the market will follow the movement to transform this spark into a genuine fireworks display.
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