XRP’s latest downswing has dragged price into a cluster of long-term volume and mean-reversion levels, with one prominent market technician flagging Korea as the epicenter of near-term spot selling.
Dom also pointed to order-book composition: “Spot orderbooks are skewed towards bids right now which is positive, but snapping the local low will likely send us back to $2 where the rest of the bids sit.”
The geographic concentration of selling has amplified the risk of a deeper tag of that range. Dom said the bulk of the spot pressure was exchange-specific: “They do NOT look happy over there in Korean… 84% of all the spot sell pressure over the last 2 days has came from Upbit.”
A separate high-timeframe chart from IncomeSharks frames the downside magnet with simple clarity. The analyst posted a daily XRP/USD view with a broad demand zone centered just under $2.00 and commented: “XRP — If you missed it under $2 you’ll probably have a chance to bid it again.”
At press time, XRP traded at $2.21.
