XRP is gaining attention after a successful breakout from a prolonged falling wedge, potentially signaling a bullish movement in the market.
Falling Wedge Breakout
According to analysts, XRP is forming a potential bull flag above the $3.10 level, indicating that buyers are accumulating and gearing up for another rise. One analyst noted, "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 shows a period of consolidation between $3.10 and $3.30 after its recent all-time high of $3.65.
Large XRP Transfer from Upbit
A $61 million XRP transfer from South Korea's Upbit on August 13, 2025, sparked discussions in the crypto community. The transfer of 19 million XRP attracted speculation but was later confirmed to be an internal shuffle between Upbit's subwallets, likely for liquidity management. Despite the internal nature of the transfer, its sheer size has drawn attention. Crypto tracker X Finance Bull 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 increasing institutional interest in XRP, particularly in South Korea, which has become a significant hub for XRP trading.
Conclusion
While the $61 million 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 may be on the horizon if a bull flag formation materializes.
Thus, XRP shows signs of further growth potential, and large transfers confirm institutional investors' interest in this asset.
