XRP Flashes Reaccumulation Signal on South Korean Exchanges as Traders Quietly Build Positions
Renewed interest in XRP from South Korean traders is evident, with Bithumb data showing increased buying activity for the cryptocurrency trading pair. Market expert Arthur notes that accumulation in this key market has historically preceded greater market momentum and liquidity. Concurrently, institutional investors are also actively buying, with Evernorth reportedly acquiring nearly 0.5% of the total XRP supply, currently holding over 473 million tokens. Analysts suggest XRP is well-positioned as the market has digested lower liquidity, and a concentration of liquidity up to $4 could drive rapid price appreciation, potentially forcing short sellers to cover their positions if the price rebounds to key levels.