Analyst Flags $5 Billion XRP Selling Flow on Upbit

XRP extended its downtrend, losing 44% over the past year. A market analyst highlighted unusual trading activity on Upbit, suggesting persistent algorithmic sell pressure in the XRP/KRW market. Upbit XRP balances have reached a one‑year high above 6.4 billion tokens.

Analyst Dom examined 82 million tick-level XRP/KRW trades on Upbit and 444 million Binance trades for comparison. He found a net negative cumulative volume delta every month for the past 10 months, with particularly heavy outflows in April (-165 million XRP), July (-197 million XRP), October (-382 million XRP) and January (-370 million XRP).

Only one of 46 weeks showed net positive buying pressure, and Binance carried 2–5x less sell pressure; the hourly correlation between venues was just 0.37. The selling appears algorithmic: 57–60% of trades executed within 10 milliseconds, with round-number sell sizes such as 10, 100 or 1,000 XRP and fractional buy orders like 2.537 XRP on the other side.

South Korea

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