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XRP Poised for Breakout? Korean Traders Drop $644M Bombshe.

XRP markets are attracting intense attention today as South Korean traders unleashed a staggering $644 million worth of activity into the XRP/KRW pair within just 24 hours. The surge, centered on Upbit—South Korea’s dominant crypto exchange—could mark the prelude to a major price breakout.

Korean Market Activity: A Surge That Could Spark Global Moves

This explosive inflow—accounting for over 16% of Upbit’s total trading volume in that period—suggests more than typical retail activity. Historically, intense Korean trading flows have frequently preceded global XRP rallies, and today's numbers demand attention.

Sentiment: Is It All Green or Mixed Signals?

Despite the massive purchasing activity, sentiment remains somewhat mixed. A recent analysis pointed out that across Korean exchanges, over $120 million worth of XRP was sold between April 6–7—roughly 62% of traders opting to exit positions.

Adding to the caution, industry data also flagged a massive dump of 75 million XRP (~$ at the time) on Upbit on July 23, which drove the price down by more than 15%, erasing bullish momentum.

Meanwhile, Ripple co-founder Chris Larsen’s wallet moved approximately $140 million in XRP to exchanges in mid-July, triggering massive futures liquidations and contributing to a sharp 10% price decline.

Price Today: A Market on Edge

Amid this volatility, XRP is holding firm around $3.25 against the Korean won, with tight spreads indicating robust liquidity. The technical setup is increasingly delicate, with many analysts watching closely for directional commitment from either side.

Indeed, just last month, aggressive buying on Upbit pushed XRP from $2.60 to $3.00 in mere hours—32 million XRP recorded in net buys, accounting for 70% of global spot inflow.