Ripple’s XRP price is trading at $1.07, up around +0.6% in the last 24 hours, as a modest 4% bounce off its August low hints at demand quietly building beneath the surface. The full picture is more complicated than that bounce suggests, and one on-chain signal out of South Korea deserves closer attention before drawing any conclusions.
XRP ranks third among 275 Korean won markets on Upbit by 24-hour trading volume, sitting behind only Tether and Bitcoin, a rare distinction for an altcoin. More telling is the order book: within 1% of market price, combined Upbit and Bithumb bids outweigh asks by roughly two to one, a gap of approximately 34%.
$XRP is the third asset on @Official_Upbit by volume. Upbit is the largest crypto exchange in South Korea
– $RLUSD already live on Coinone
– Kbank (Exclusive banking partner for Upbit) deployed #Ripple Custody
– Kbank pushing stablecoin remittance
– Upbit already lists $USDT pic.twitter.com/p9wDmOBvib— Kevin C (@Kevin_cage__kc) August 2, 2026
South Korea is also paying a small premium to the global price on Bybit, near the top of its seven-day range, leaning bullish without yet triggering a full premium event.
XRP still trades inside a falling channel that has capped every rally since May 14, 2026. Korean bid depth is a signal, not a verdict. Whether that demand converts into a trend break depends on what momentum does next.
Can the XRP Price Break Its Falling Channel Before the Week Closes?
What happens next for XRP?
A move looks increasingly likely during the week the Clarity Act is either signed or delayed.
Expect a move. Expect the unexpected.
Big 72 hours ahead of us. pic.twitter.com/e9EUvqlcNB
— Bird (@Bird_XRPL) August 4, 2026
At $1.07, XRP is pressing against a price zone that has functioned as soft support through the August selloff. Kraken’s live data places the 24-hour range low at $1.0701, with intraday resistance capped near $1.0841, a spread of less than 1.3%. That compression, combined with the Korean order book skew, suggests the market is coiling rather than collapsing.
Volume context matters here. XRP’s elevated Upbit ranking, third out of 275 won-denominated markets, indicates sustained retail attention, not a one-day spike. Attention without follow-through is common. But attention backed by two-to-one bid depth is a different animal.
Technical structure remains the constraint. The falling channel that has capped XRP since mid-May is still intact. Until price closes above that channel’s upper boundary on meaningful volume, any bounce remains a counter-trend move. Ripple’s monthly escrow unlocks add a persistent supply overhang that sellers can lean on during attempted rallies.
Three scenarios worth tracking:
Bull case: Korean bid depth holds, momentum indicators stop declining, and XRP closes above the channel ceiling — opening a path toward the $1.18 level last seen at the top of its 7-day range.
Base case: Price continues to chop between $1.07 and $1.09, with no clean breakout or breakdown. The bid skew provides a floor; the channel provides a ceiling.
Bear/invalidation: A daily close below $1.07 clears the visible buy wall and reopens the August low. The South Korean premium disappears, and the bid-ask ratio normalizes. That would invalidate the current setup entirely.
The data points to a holding pattern with a modest bullish lean, not a confirmed reversal. Recent resistance breakdown analysis reinforces that XRP needs a structural close above the channel, not just a bounce, to shift the trend.
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LiquidChain Targets Early Mover Upside as XRP Tests Key Levels
XRP at $1.07 with a channel ceiling overhead is a reasonable position, but limited upside at this market cap makes a 5x return harder than it looks.
Traders hunting asymmetric exposure during a consolidation phase sometimes rotate attention to earlier-stage infrastructure plays, where the entry price reflects risk rather than hiding it.
LiquidChain ($LIQUID) is a Layer 3 (L3) infrastructure protocol, meaning it sits above base-layer blockchains like Ethereum to add execution logic and liquidity routing, built around a single, specific problem: fragmented liquidity across Bitcoin, Ethereum, and Solana.
Its Unified Liquidity Layer fuses all three ecosystems into one execution environment, so developers deploy a project once and access liquidity from all three networks simultaneously, rather than building separate integrations for each chain. The presale has raised $929,335.42 to date, with $LIQUID currently priced at $0.01486.
Key features include Single-Step Execution, Verifiable Settlement (meaning settlement finality is cryptographically provable on-chain), and a Deploy-Once Architecture. For a fuller breakdown of how the cross-chain mechanics work, this technical overview covers the protocol in detail.
EXPLORE: Best Crypto Presales With Asymmetric Upside in the Current Market
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