XRP Holds $1.08 as Korean Bids and ETF Inflows Target Channel Breakout
South Korean order books are stacking two-to-one bid imbalances under XRP as an 80-day falling channel reaches its climax. Bullish daily RSI divergence and growing spot ETF inflows suggest institutional and retail buyers are defending the floor. A daily close above $1.09 is all that stands between XRP and a test of $1.18.
An 80-day downtrend is grinding against a wall of Korean liquidity on Upbit and Bithumb. Bid depth within one percent of spot price is outpacing asks by two to one, signaling heavy retail accumulation under the market while leverage funding remains neutral.
On-chain metrics confirm smart money is stepping in alongside Asia. Wallets holding between 100 million and 1 billion tokens increased their market share to nearly twelve percent, coincided by three consecutive weeks of expanding spot ETF inflows hitting nearly fifteen million dollars.
Technicals are printing a clear bullish momentum divergence on the daily RSI, but the setup hinges on one level. Reclaiming $1.08 keeps the bounce intact, while a decisive daily close above $1.09 breaks channel resistance to open targets at $1.18 and $1.29.