Ripple's XRP experienced a 5% decrease in price due to news of South Korea declaring martial law. This led to panic selling among investors, causing prices on Korean exchanges to deviate from the general market. XRP was particularly impacted because of the high concentration of holders in the region. However, the token is starting to recover as its trading volume has risen and whales continue to buy and increase their holdings. Institutional accumulation is believed to be behind the rally. Ripple investment products also saw significant inflows, and there are expectations for the SEC to potentially approve XRP ETF applications in the US. XRP is currently testing a key level and needs to recover it to continue its rally. The RSI indicates that a price correction may be coming, and a daily close below a certain price will invalidate the bullish thesis.



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