XRP News Today: South Korea's XRP Surge Signals Shifting Crypto Power Dynamics

XRP, the third-largest cryptocurrency by market capitalization, is currently in a pivotal phase amid a surge in trading activity and strong accumulation from investors. Recent data indicates a pronounced shift in trading dynamics, particularly in South Korea, where XRP has captured nearly 29% of the trading volume on Upbit, the nation’s largest exchange. This is in stark contrast to global platforms like Binance, where Bitcoin and Ethereum dominate. The growing popularity of XRP in the Korean market has led to increased exposure for the token, with traders showing a strong preference for altcoins over Bitcoin [1].

Analysts are closely monitoring a symmetrical triangle pattern in XRP’s price chart, a technical setup that could signal a significant price movement. According to crypto analyst Ali Martinez, XRP has been consolidating within this pattern for six days, with a potential 25% swing expected if a breakout occurs. A bullish breakout above the current support at $2.84 could lead the token toward a target of $3.50, while a bearish move could see it fall to $2.10. Current price action, at around $2.86, reflects a 2.17% increase in the last 24 hours [2].

Institutional interest in XRP is also on the rise, particularly with reports suggesting that BlackRock is considering a U.S.-listed spot XRP ETF following the U.S. Securities and Exchange Commission’s reclassification of XRP as a commodity in August 2025. If approved, this could act as a major catalyst for the token, similar to the inflows seen with Bitcoin and Ethereum ETFs earlier this year. On Polymarket, the probability of XRP ETF approval is currently at 77%, which has traders speculating on a price target range of $3.20–$3.70 if bullish momentum continues [2].

On-chain data further supports a bullish narrative. Over the past month, investors have accumulated approximately 1.7 million XRP, marking the largest accumulation spike in two years. This indicates growing confidence in the token despite broader market volatility. However, the Network Value to Transactions (NVT) ratio has reached a two-month high, suggesting that XRP’s network valuation may be outpacing its transaction activity. Historically, such spikes have occasionally preceded short-term pullbacks as prices adjust to fundamentals [3].

Looking ahead, XRP’s path to a breakout will depend on key resistance and support levels. The immediate support is at $2.84, while resistance lies between $2.85 and $2.95. A successful breach above $2.85 could open the door to $3.07, reinforcing a bullish trend. Conversely, a failure to maintain above $2.84 could see the price drop to $2.64, extending a consolidation phase. The Relative Strength Index (RSI) currently stands at 58, reflecting a moderate bullish momentum, though it has not yet reached overbought territory [4].

The broader market sentiment remains divided, with some analysts predicting a push toward $5 and others warning of a potential retreat to $2.70. Open interest in XRP derivatives dropped 36% in Q3, indicating a possible decline in speculative selling pressure, which could pave the way for a rebound. With macroeconomic factors such as potential Federal Reserve rate cuts and ongoing institutional developments, XRP’s next move could significantly influence its trajectory into the fourth quarter [2].

Source:

[1] XRP Dominates Korean Crypto Trading as Investors Favor Altcoins Over Bitcoin (https://cryptodnes.bg/en/xrp-dominates-korean-crypto-trading-as-investors-favor-altcoins-over-bitcoin/)

[2] XRP Price Prediction: XRP Analyst Sees Symmetrical Triangle Setup Signaling 25% Price Move (https://bravenewcoin.com/insights/xrp-price-prediction-xrp-analyst-sees-symmetrical-triangle-setup-signaling-25-price-move)

[3] XRP Accumulation Hits 2-Year High, Is Price About To Rebound? (https://cryptonews.net/news/analytics/31575492/)

[4] XRP’s Symmetrical Triangle Pattern Signals Potential Surge Towards $3 (https://www.xt.com/en/blog/post/xrps-symmetrical-triangle-pattern-signals-potential-surge-towards-3)