Korean Exchanges See $5B Automated XRP Sales Over Past Year

Order book analysis reveals systematic monthly net selling in Upbit’s XRP/KRW market, highlighting sustained pressure on Ripple-related token prices.

XRP

Summary

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Terms & Concepts
  • XRP/KRW pair: A trading pair representing XRP, the cryptocurrency linked to Ripple, against South Korean won (KRW).
  • Order book: A digital record of buy and sell orders for a trading pair on an exchange, showing market demand and supply.
  • Net negative flow: A condition where sell orders exceed buy orders over a given period, leading to downward price pressure.