XRP Price Surges Despite Bearish Sentiment: South Korean Buying Activity Fuels Recovery

Despite a 4.3% decline in price over the weekend, XRP witnessed significant buying activity driven by undisclosed forces, pushing its price to new highs. This rally was fueled by a noteworthy withdrawal of 16 million XRP tokens from South Korean exchanges, signaling institutional involvement that countered individual selling pressures. Analysis reveals this move bolstered the cryptocurrency’s resilience and potentially impacted broader market movements.