South Korea’s National Tax Service said it is preparing to issue detailed criteria for taxing digital assets around November, as questions persist over staking, airdrops, hard forks and DeFi. Lawmakers urged preparations on the assumption the current system will take effect unless the National Assembly decides to delay it. Separately, discussions continue on phase-two legislation under the Digital Asset Basic Act, including stablecoins. Markets also tracked bitcoin’s stalled push above $87,000 and Ethereum’s next major upgrade.

XRP has slipped back below its 50-week exponential moving average (EMA), prompting analysis that its price pattern resembles 2022. The token failed to reclaim $1.52 and has continued weakening, forming new support at lower levels. Analyst ChartNerd said rejection at the 50-week EMA could keep prices under pressure for months, though higher lows below the EMA mirror a 2022 structure that later preceded a sharp rally. Other analysts cited key resistance levels at $1.60 to above $3.00 and a monthly close above $3.66.