Bull Flag Brewing: XRP Holds $3.10 as South Korea’s Deep Pockets Fan the Flames
Main Idea
XRP shows potential for a bullish continuation after breaking out of a falling wedge pattern, with traders eyeing a target zone of $3.70–$3.80. A $61M XRP transfer from South Korea’s Upbit exchange sparked market speculation, later confirmed as an internal liquidity management move.
Key Points
1. XRP broke out of a falling wedge pattern and is forming a prospective bull flag above $3.10, with a target zone of $3.70–$3.80.
2. XRP's price consolidated between $3.10 and $3.30 after reaching an all-time high of $3.65.
3. A $61M XRP transfer from Upbit on August 13, 2025, was later confirmed as an internal liquidity management move between subwallets.
4. South Korea has emerged as a significant hub for XRP trading, with Upbit leading global XRP trading volumes.
5. Traders are monitoring key support at $3.10, with a potential breakout target of $3.70–$3.80 if a bull flag formation materializes.
Description
XRP Eyes Bullish Continuation After Falling Wedge Breakout XRP is turning heads after breaking out of its long-standing falling wedge, signaling a potential bullish shift. According to Lingrid, it’s now forming a prospective bull flag above $3.10, suggesting buyers are accumulating and priming for another upward leg. The market analyst added , “The structure suggests buyers are building momentum for another leg higher toward the $3.70–$3.80 target zone. Price consolidation within this range keep...
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