XRP Bullish Patterns Point to $ 5 As Korean Buyers Start to Accuumulalate

The token Slips from $ 3.02 to $ 2.89 in the august 28–29 Window on Above-Aweve Volumes Before Recovering Toward $ 2.83– $ 2.89 Support Zones. Oversold Signals and Whale Accumulation Offset Persenti Selling PressureUpdated Aug 31, 2025, 5:26 AM PUBLISHED AUG 31, 2025, 5:25 AM

(Coindesk Data)

News Background

• Xrp Fell Sharplyside Broader Market Weakness, Retreating 4.3% in The 24-HOUR SESSION FROM August 28 at 13:00 to August 29 at 12:00.
• On -chain Data Showed Korean Exchanges Absorbing 16 Million Xrp (≈ $ 45.5 Million) During the Selloff, Pointing to Regional Institutional Demand Even as Retail Wallets Reduced Exposure.
• South Korea Has Historically Been A Driver of Specialty Crypto Trading, Often Leading Price Action in Certain Altcoins (Sometimes Called The “Kimchi Premium”).
• If Large Wallets Associated with Korean Exchanges or Institutions Are Accuumulating at Support, IT Suggests Regional Demand Is Stepping in To -Oborb Retail Selaming Pressure, Effectvely Put.
• For Global Traders, that Sets Up A Narrative of Distribution Vs. Acumulation: While Somes Were Moving $ 200 Million in Doge to Binance (A Distribution Signal), Korean Desks Were Adding XRP Exposure (An Accuumulation Signal).
• Xrp Ledger Activity Picked Up, with Active Addresses Climbing 20% ​​in Three Days Ahead of the Sept. 12 DECENTRALIZED MEDIA LAUNCH.
• Chinese Fintech Firm Linklogis Integrated ITS Trillion-Dollar Supple -chain Finance Platform with Xrp Ledger, Boosting ITS EQUITY 23% and UndersCoring Enterprise Adoptation.

Price Action Summary

• XRP SLID FROM $ 3.02 to $ 2.89 in the 24-Hur Window, A 4.30% Decline Across A $ 0.17 (5.75%) Range Between $ 3.02 Peak and $ 2.85 Low.
• Heavy Selling At 15:00 GMT on Aug. 28 Drove Prices Down to $ 2.77 on 96.19 Million Volume, More Than Double The 24-HOUR AVERAGE OF 43.48 Million.
• Buying Support Emerged at $ 2.85– $ 2.86, With Volumes Above Baseline Durying The 07: 00–09: 00 GMT Recovery Push on Aug. 29.
• In the Final Hour (11: 56–12: 55 GMT), XRP Bounced from $ 2.87 to $ 2.89, Touching $ 2.91 at 12:31 on A 19.6 Million Spike.

Technical Analysis

• Support: Key Base At $ 2.77, Reinforced by Strong Volume Absorption; $ 2.85– $ 2.86 Now Acting As an Accuumulation Zone.
• Resistance: $ 2.91 Short-Term Cap; $ 3.02 Remains the Dominant Ceiling from Repeated Report.
• Momentum: Rsi Lifted from 42 (Oversold) Into The Mid-50s, Showing Recovery Momentum.
• Macd: Histogram Tightling Toward A Bullish Crossover, Indicative of Potential Upside If Buyers Sustain Pressure.
• Patterns: Symmetrical Triangles and Double-Bottom Setups Align With A Broader Cup-and-Handle Formation that Some Analysts See Extending Toward $ 5– $ 13 Targets.

What Traders Are Watching

• Whather $ 2.85– $ 2.86 Support Continues to Hold Against Renewed Selling.
• A ConfirMed Break Above $ 3.02– $ 3.04 Resistance As The First Trigger for a Run Town $ 3.20.
• DOWNSIDE RISKS OPEN IF $ 2.77 Fails, with $ 2.70 as The Next Support.
• Institutional Acccumulation on Korean Exchanges and Corporate Flows Remain The Key Driver for Sustaining Momentum Into September’s Event Calendar.

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