KOREAN WHALES ARE ABOUT TO DUMP XRP
$XRP is facing a perfect storm of structural pressure that dwarfs recent price action. On-chain velocity has spiked to 2023 highs, signaling rapid distribution and network transfers instead of long-term holding. This is the signature of supply preparing to hit the market.
Derivatives confirm the danger: short positions are accelerating, and persistent negative funding rates reflect dominant bearish sentiment. We are seeing a massive supply overhang build, concentrated not on Binance, but on Upbit, where 6.18 billion $XRP sits in the hands of Korean investors. This concentration is a ticking sell-side bomb.
ETF inflows are the only stabilizing force, providing crucial defense against overwhelming supply. If that ETF demand falters, the combination of rising velocity and concentrated exchange reserves suggests that significant downside pressure is imminent.
Disclaimer: This is analysis, not investment advice.
#XRP #OnChain #CryptoAnalysis #SupplyShock #Derivatives š
