XRP tokens are en masse in the green, but Koreans get out

A striking development is currently taking place around XRP. While 81.6% of the total circulating stock is still in the Plus worldwide, the sentiment seems to turn among Korean traders. Especially on the popular UPBIT stock exchange, there is a strong sold sold, which indicates a growing degree of caution among local investors.

Sales pressure from Korea

Between 6 and 7 April, Korean investors traded more than 1.4 million XRP positions, of which 62% were sales orders. This led to a net outflow of approximately 120 million dollars in XRP. The activity focused on the trade volume of the XRP/KRW purple, traditionally one of the driving forces behind price movements in Asia.

At the beginning of February the same investors bought in aggressively when XRP dropped below 2 dollars. But now that optimism seems to make way for restraint.

Despite the recent correction, XRP remains remarkably strong when we look at the relationship between profitable and loss -making coins. Only Tron (TRX) does better with 84.6% of its offer in the Plus. Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) are clearly left behind with 76.8%, 44.9%and only 31.6%respectively.

Percentage of the offer in profit for XRP, BTC, SOL, ETH and TRX. Source: Glassnode

These figures illustrate that XRP holders have generally managed to retain their positions, despite the fact that the price has fallen by 46% in the last three months from the peak of $ 3.40 to January 16.

Critical technical levels under pressure

The XRP race broke on 7 April under the important support point of $ 2, and even tapped a lowest point of $ 1.61. Two days later the Munt managed to recapture this level, but the technical picture remains fragile. On the daily graph, XRP threatens to close the 200-day progressive average, which can lead to further weakness.

The fact that a large part of the XRP is in profit and that so much is being sold, shows how fickle the market sentiment can be. It also emphasizes that profit ceremonies can quickly turn into massive sale, especially in regions with influential trade volumes such as South Korea. In a broader context of geopolitical uncertainty and escalating trade tensions, where market news changes to tone daily, that nervousness is only further fueled.