XRP Surpasses Bitcoin and Ethereum in South Korea

Bitcoin is trading at $79,657, down 1.27% in the last 24 hours. While the RSI at 29.9 approaches oversold territory, the MACD remains negative and below the signal line. Trading below the 20- and 50-day moving averages indicates short-term weakness. In South Korea, XRP's prominence may boost altcoin interest but is not expected to have a direct impact on Bitcoin. Therefore, short-term direction remains uncertain.

Technical indicators point to weakness: RSI at 34.9 is approaching oversold territory, while MACD remains below the signal line and in negative territory. The price is trading below both the 20-day and 50-day moving averages, confirming a short-term downtrend. Although news that XRP surpassed Ethereum in South Korea does not have a direct negative impact on ETH, it may indicate a shift in attention toward alternative assets. The slight decline over the past 24 hours, combined with technical signals, suggests that downward pressure could continue over the next 1-3 days.

XRP has outpaced Bitcoin and Ethereum in South Korea, indicating a regional demand increase. However, technical indicators remain weak: the RSI is near oversold territory at 35.9, and the price is below both the 20-day and 50-day moving averages. The MACD line is below the signal line and negative, suggesting weak short-term momentum. Despite positive news, the weak technical structure may limit upside potential. In the short term, the resistance zone of 1.44-1.45 could be tested, but a stronger buy signal is needed for a sustained rally.