The cryptos market has always been marked by periods of extreme volatility, where panic and opportunities meet in an instant. Indeed, the recent Krach of February 3 illustrated this reality once again. While the XRP fell suddenly to $ 1.78, some investors, far from giving in to panic, took the opportunity to massively strengthen their positions. Among them, Korean traders played a key role. They massively bought large volumes, which allows the XRP to bounce over 2 dollars in a record time. But, is this sudden influx of liquidity a sustainable bullish signal or simply a punctual reaction of Asian markets?
Korean investors with maneuver: a massive accumulation within $ 2
While the correction of February 3 plunged the XRP from $ 3.08 to $ 1.78, a wave of purchases quickly appeared on several exchange platforms. According to an anonymous analyst, known by the pseudonym ITRD, the Korean traders were particularly active. Thus, they took advantage of this drop to massively accumulate XRP and BTC, and abandon their positions in ETH. “They did not wait for a recovery signal. They bought continuously throughout the fall, ”he clarified In a post on social network X (ex Twitter) on February 5, 2025.
Cumulative Delta volume data (CVD) confirm this trend, with a sudden increase in buying volumes between 2 h 00 and 3 h 00 UTC on Upbit and Bybit. During this window, the XRP, after touching a floor at $ 1.78, quickly returned to $ 2.15, which underlines the determination of Asian investors to defend this psychological threshold. A dynamic which, in the short term, allowed the XRP to avoid a deeper fall and to stabilize in a key area.
Retless whales and sanitation of the derivative market
If private traders have strengthened their XRP positions, the major market entities have adopted a more cautious posture. THE cryptocurrency data reveal a significant increase in XRP transfers to Binance, with more than 180 million tokens sent by whales over the last 24 hours. This is the largest volume of transactions observed since January 8, which suggests a possible profits after this rapid rebound.
At the same time, the derivative market was strongly impacted by this sudden volatility. The XRP Open Interest (OI), which measured $ 6.35 billion on 1er February was divided by almost half in just a few days, and drops to 3.55 billion. This decline of 44 % marks a massive liquidation of leverages, which pushes many traders to leave the market with the complete reset of the funding races. Such a scenario suggests a return to a phase of progressive accumulation, where only the strongest buyers maintain their positions.
The rebound of the XRP, carried by the aggressive purchases of Korean investors, demonstrates a notable resilience of the crypto market after the storm. However, the trend remains uncertain: the 50 and 100 days mobile averages always act as technical resistances, and enclose the XRP in a descending channel. If the key level of 2.20 to 2.33 dollars turns into sustainable support, then a new upper dynamic could emerge. Otherwise, a return to the 2 dollars seems inevitable, even a new correction.
While the cryptos market continues to evolve in an unpredictable atmosphere, a question remains: will the massive purchase of Korean traders are enough to maintain the XRP above 2 dollars, or simply witness a reaction ephemeral before a new withdrawal? The answer will depend on the next liquidity trends and the appetite for crypto investors for this emblematic token.
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