XRP Eyes Breakout Above $3.09 as South Korea’s BDACS Supercharges Institutional Adoption

Key Points

1. XRP traded in a tight range, hitting a $3.02 intraday high, with a 24-hour jump of 2.2% driven by surging demand and high volume.

2. Analysts note XRP remains bearish below $3.02, with potential declines to $2.78 or lower if it falls below $2.91, but a breakout above $3.09 could trigger bullish momentum toward $3.40 or higher.

3. BDACS, in partnership with Ripple, now offers secure, compliant custody and management services for XRP in South Korea, aligning with regulatory standards.

4. South Korea is a highly crypto-engaged market, with over 25% of individuals aged 20–50 holding crypto, and BDACS's support could significantly boost XRP's institutional adoption.

5. XRP's next price movement depends on whether it can sustain above $3.09 or falls back below $2.91.