XRP News Today: XRP Holds $3.10 As Whale Buying Surges And Bullish Patterns Form

XRP has recently consolidated near the $3.05–$3.12 range, supported by accumulating whale activity and technical patterns that suggest growing bullish momentum. On August 15, XRP traded near $3.12, forming a bullish pennant structure, as whale investors acquired over 300 million tokens. This accumulation reinforced price stability at a critical support level, contributing to a broader market atmosphere of cautious optimism [1]. Additional on-chain data from the same period revealed further whale purchases of 120 million XRP, coinciding with a $3 billion increase in open interest, which analysts interpret as a sign of strengthening confidence in XRP’s utility and potential institutional adoption [2].

The market’s recent behavior has drawn attention from crypto commentators, who have highlighted the growing debate over whether XRP is entering a third wave of its rally or facing a potential bull trap. On August 14, analyst Sasha why NOT noted that whale activity had surged, with 900 million XRP being acquired within 48 hours, signaling strong market participation and utility. However, the analyst also cautioned that a parabolic correction could occur if momentum were to weaken. The possibility of a legal win and increased whale accumulation were seen as favorable for bulls, though technical and macro signals—such as Bitcoin’s 58.87% dominance—remained a factor in the risk of a deep correction [3].

Crypto Eagles, a market observer, noted that XRP had reclaimed the key $3.15 support level following a pullback. This level had previously acted as resistance, and the price’s ability to hold it while filling a Fair Value Gap (FVG) suggested potential for a continuation toward $3.30–$3.40. The commentator emphasized that maintaining $3.15 as support would be crucial for reinforcing the bullish setup [3].

On-chain signals from South Korea also indicated a surge in whale activity, contributing to the formation of a potential bull flag as XRP held near $3.10 [6]. Analysts remain optimistic for 2025, with some projecting price targets as high as $8, citing favorable technical patterns and the recent SEC settlement as potential catalysts [7].

Despite these bullish signals, XRP has also faced selling pressure near $3.31, where Fibonacci resistance levels have tested market resilience. However, analysts remain cautiously optimistic, with some predicting that a clean breakout above $3.30 could set the stage for a rally toward $3.40 [3]. The broader market is no longer questioning XRP’s ability to rise—it has already demonstrated upward movement. The key question now is whether the current momentum reflects a durable next leg of the rally or a temporary peak that could lull late buyers into a correction [3].

Ripple leadership, including CEO Brad Garlinghouse, has not issued public statements on imminent price targets or major market-moving events in August 2025. Market actions continue without new partnerships or technical upgrades reported from Ripple, aligning with historical whale accumulation phases [1]. Analyst projections, as seen in a recent Ripple Price Prediction Analysis and Future Forecast, suggest potential for modest upward movement in prices, though these remain speculative and not guaranteed [1].

Market reactions include increased trading volume, largely driven by retail investors, while XRP’s price stability contributes to a cautiously optimistic outlook. Despite these dynamics, other cryptocurrencies have not shown direct impacts from these fluctuations. Institutional investors continue to monitor developments, while altcoin trends remain consistent but disconnected from XRP-specific events [1].

The broader crypto market remains steady amid XRP’s consolidation phase, with elevated trading activity yet minimal regulatory or financial outcomes reported. Ripple’s legal resolution in 2024 continues to influence sentiment, but no new Ripple-led initiatives are confirmed to have a direct market impact [1]. Analysts have advised investors to remain cautious in expecting immediate regulatory or technological breakthroughs from Ripple, noting that historical patterns suggest whale activity may precede price increases, though the long-term focus of Ripple remains on ecosystem growth [1].

Sources:

[1] title1: XRP Consolidates Near $3.05 Amid Whale Accumulation (https://coinmarketcap.com/community/articles/689fda59b4904459a1de3c73/)

[2] title2: AInvest (https://www.ainvest.com/news/xrp-news-today-xrp-consolidates-3-12-bullish-patterns-whale-buying-2508/)

[3] title3: Coinpaper (https://coinpaper.com/10504/xrp-at-a-crossroads-third-wave-breakout-or-bull-trap)

[6] title6: Coinpaper (https://coinpaper.com/10513/bull-flag-brewing-xrp-holds-3-10-as-south-korea-s-deep-pockets-fan-the-flames)

[7] title7: Yellow.com (https://yellow.com/news/xrp-targets-dollar8-price-level-as-technical-patterns-mirror-historic-2017-rally)