Bull Flag Brewing: XRP Holds $3.10 as South Korea’s Deep Pockets Fan the Flames

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 keeps the bullish setup intact. A clean breakout above the flag resistance could trigger a sharp upside continuation.”

XRP’s price action highlights a period of consolidation between $3.10 and $3.30 after the altcoin’s recent all-time high (ATH) price of $3.65. 

Traders are eyeing the bull flag closely, with a clean breakout above resistance likely to trigger a sharp surge toward $3.70–$3.80, marking a notable gain and cementing XRP as one of the market’s most watched altcoins.

Technical patterns like falling wedges followed by bull flags often signal sustained buying. XRP’s wedge breakout shows a shift from caution to bullish sentiment, while the ensuing bull flag offers traders a strategic entry ahead of a potential breakout.

At the time of this writing, XRP was down by 5.2% in the past 24 hours to trade at $3.11, according to CoinGecko data.

$61M XRP Whale Move from Upbit Sparks South Korea Crypto Frenzy

A $61M XRP transfer from South Korea’s Upbit on August 13, 2025, stirred the crypto community. 

The 19M XRP move sparked speculation, but it was later confirmed as an internal shuffle between Upbit’s subwallets, likely for liquidity management rather than external transfer.

Despite the internal nature of the transfer, the sheer size of the transaction has drawn attention. 

X Finance Bull, a prominent crypto market watcher, commented, ”I told you South Korea would flip the switch on $XRP. A single whale just dropped $61M in one transaction — 19 MILLION XRP from Upbit. This isn’t retail… this is deep-pocket conviction”

This move underscores the growing institutional interest in XRP, particularly in South Korea, which has become a significant hub for XRP trading. Upbit, the country's largest cryptocurrency exchange, has been leading global XRP trading volumes, surpassing even Binance in recent sessions.

While the internal nature of the transfer may have alleviated concerns about market disruption, the scale of the transaction highlights the strategic positioning of large holders in anticipation of potential market developments. 

As XRP continues to gain traction, especially following the resolution of the long-standing SEC case, such movements are indicative of the increasing confidence and involvement of institutional players in the cryptocurrency space.

Conclusion

While the $61 million XRP transfer from Upbit was an internal liquidity management move, its size and timing reflect a broader trend of institutional accumulation and strategic positioning in the XRP market. 

This development signals a maturing market where large-scale participants are actively shaping the landscape of cryptocurrency trading.

Meanwhile, with key support at $3.10 a breakout target of $3.70–$3.80 might see the light of day if a bull flag formation materializes.