84% Of XRP Sell Pressure Comes From Korea As $2 Looms, Analyst Warns

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.

In charts shared over the past 24 hours, trader Dom (@traderview2) said XRP has “reached the 12M rVWAP for the first time this year,” adding that it “really isn’t a level we want to be trading under for awhile.” He warned that if bulls lose that 12-month rolling VWAP, “we are looking at the range low of $2 as the next area of interest,” whereas a swift recovery would require “$2.50 [to] regain to get out of danger area.”

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.”

Dom’s VWAP-suite chart places spot price pressing directly into the 12-month rolling VWAP ribbon after failing to sustain above the prior distribution shelf, a configuration that often separates trending from mean-reverting phases. Testing this line for the first time this year is notable because multi-month rVWAPs act as dynamic fair-value proxies; sustained closes below them historically coincide with further probing of high-volume nodes beneath.

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 cumulative volume delta (CVD) breakdown by exchange corroborates the outsized role of the Korean venue, with Upbit’s CVD line deeply negative while Binance, Coinbase, Bybit, OKX, Kraken and Bitstamp hover comparatively flat near the zero line. In practical terms, that mix indicates real-coin distribution flowed predominantly through the KRW corridor even as other USD- and USDT-based venues showed less aggressive net selling.

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.”

The chart highlights how the late-summer impulse failed to retake overhead resistance and how subsequent lower highs left a clean air pocket toward the December–March value area that begins around the psychologically dense $2.00 handle. The analyst expects a retracement as low as $1.80-$1.70 if the psychological important $2 mark doesn’t hold.

At press time, XRP traded at $2.21.