The latest tumble in XRP‘s price has pushed it deep into the fog of long-term volume and mean-reversion levels, with Korea once again playing its all-too-familiar role as the origin of most of the chaos. Who would’ve thought?
XRP Hits The Dreaded “Support Zone”
According to the ever-optimistic trader Dom (@traderview2), XRP has “reached the 12M rVWAP for the first time this year.” A level, he says, that we “really don’t want to be trading under for too long.” In his cheerful warning, he added that if the bulls lose the 12-month rolling VWAP, we could be heading straight to the $2 mark. You know, the land of “meh,” where things can only go either way. But hey, a quick recovery would need $2.50 to break free of the dreaded danger zone. Can we do it? Probably not. But let’s hope. 🙄
And then there’s the order-book situation. Dom pointed out, with a smile and a wink, that the spot orderbooks are “skewed towards bids right now,” which sounds promising… but of course, if we break the local low, it’s a freefall back to $2, where all the bids are sitting like sad little soldiers waiting for action. 😬
Dom’s VWAP-chart tells the story as well: XRP’s price has hit the 12-month rVWAP ribbon for the first time this year, after failing to stay above the previous distribution shelf. History says, when this happens, the price usually goes looking for trouble below. But hey, maybe we’ll defy the odds. 💪
Korea Is Still In Charge (As Usual)
It turns out Korea is still the most exciting player in the XRP saga. Dom pointed out that a whopping 84% of all the sell pressure in the last two days has come from Upbit. Ah, Korea. Always ready to make a dramatic entrance. 🎭
Meanwhile, the CVD breakdown by exchange shows that while Upbit’s line is deeply negative, exchanges like Binance, Coinbase, and others are chilling near the zero mark. This means that most of the real XRP action is happening in the KRW corridor, while other exchanges are just waiting for something interesting to happen. 😒
In a more philosophical twist, IncomeSharks has shared a simple chart, saying, “XRP – If you missed it under $2, you’ll probably have another chance to bid it again.” Like a rerun of your favorite show-only this time, you’re more prepared. 😅
The chart highlights how the summer’s rally failed to reclaim resistance, leaving a void towards the $2.00 mark, a price point known for its psychological weight. If $2 doesn’t hold, well, brace yourself for a slide to $1.80-$1.70, where things get even more… fun? 🥲
At the moment, XRP is trading at a somewhat unimpressive $2.21. Will it drop further, or will it miraculously surge back to glory? Only time, and Korean traders, will tell.
Read More
- USD VES PREDICTION
- Gold Rate Forecast
- USD PLN PREDICTION
- FIL PREDICTION. FIL cryptocurrency
- INJ PREDICTION. INJ cryptocurrency
- EUR CNY PREDICTION
- USD CNY PREDICTION
- GBP EUR PREDICTION
- STX PREDICTION. STX cryptocurrency
- JUP PREDICTION. JUP cryptocurrency
2025-11-05 17:58