XRP resumed bullish activity on May 8 as spots from the South Korean exchange Upbit pushed its price upward. The buying spree began when several other major exchanges showed far less aggressive participation, creating a setup that traders now watch closely near the $1.45 level.
Data alchemist Dom (@traderview2) focused on that divergence in a recent market update. He stated that “Upbit is mainly driving this little impulse leg” while “other venues are mostly flat along with perps.”
His chart tracked spot cumulative volume delta across major exchanges and showed Upbit separating sharply from the rest of the market during XRP’s climb.
$XRP update
Upbit is mainly driving this little impulse leg
Other venues are mostly flat along with perps
Eyes remain around $1.45 area. Over that and things can start moving fast with a real breakout https://t.co/UP7eWPuNSH pic.twitter.com/xWhBBltaEu
— Dom (@traderview2) May 8, 2026
Upbit Activity Takes Control
The chart showed XRP rising steadily as Upbit’s spot CVD surged above $4 million. Coinbase also recorded a strong positive flow, though at a much lower level near $1.5 million. Kraken posted moderate accumulation, while Binance, Bybit, Bitstamp, and OKX remained relatively muted during the move.
That imbalance reveals where the strongest spot demand currently sits. In this case, Korean traders appeared far more aggressive than participants across perpetual futures markets or several large global exchanges. XRP has consistently dominated the Korean market, surpassing Bitcoin by trading volume. This data shows that the asset still has strong support in the region.
The price line on the chart climbed alongside Upbit’s sharp increase in buying activity. That relationship suggests real spot demand fueled the latest upward move instead of heavy leveraged speculation. Traders often monitor this type of divergence closely because spot-led rallies can create stronger continuation if momentum spreads across other venues.
Why $1.45 Matters for XRP
Dom identified $1.45 as the key level to watch next. He stated, “Over that and things can start moving fast with a real breakout.” That area likely acts as a major liquidity zone where sellers previously slowed upward momentum. A decisive move above it could force sidelined traders to re-enter while also triggering momentum buying from breakout traders.
The structure of the chart supports that possibility. XRP continued to print higher highs throughout the session while spot demand stayed elevated. Aggressive buying on Upbit also remained consistent into the final section of the chart rather than fading immediately after the initial push.
If XRP breaks above $1.45 with broader exchange participation, traders may begin targeting a stronger expansion phase. Increased activity from Binance, Bybit, and perpetual futures markets would likely confirm that momentum has spread beyond a single dominant venue.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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