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Crypto

XRP Price Bounces Off Lows, Korean Buyers Fuel Demand

Guavy AI Editorial Team
Instruments
XRP
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The XRP price has seen a 4% bounce off its August lows, testing an 80-day falling channel.

This channel has capped XRP's growth since May 14, with each bounce being a probe rather than a reversal.

The market is watching to see if the XRP price can break above $1.18, which would confirm a trend shift and open up the path towards $1.30 and beyond.

Korean buyers are driving this demand, with bids outweighing asks by roughly two to one on Upbit and Bithumb, indicating deliberate accumulation posture from retail investors.

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