XRP (XRP) price extended its slide on Wednesday, adding to a downtrend that has erased 44% of its value over the past year. Amid this, a market analyst has highlighted unusual trading activity emerging from South Korea’s largest crypto exchange, raising questions about its potential impact on XRP’s price dynamics. Study of 82 Million Trades Flags Structural Selling in XRP/KRW Market on Upbit Crypto analyst Dom claims to have uncovered what he describes as a nearly year-long, multi-billion-dollar XRP selling pipeline. In a thread published on X (formerly Twitter), Dom said his findings are based on 82 million tick-level XRP/KRW trades on Upbit, alongside 444 million trades from Binance for comparison
source: https://beincrypto.com/xrp-upbit-krw-selling-pressure-analysis/