XRP has once again found itself at the center of the crypto market spotlight, with recent trading data pointing to renewed demand from Korean buyers and a potential rebound toward the $5 mark.
Despite short-term volatility and broader market headwinds, Ripple’s XRP continues to draw investor attention as accumulation patterns suggest fresh upside momentum.
XRP Price Struggles but Finds Support
The price of XRP today is hovering around $2.84 after slipping more than 4% in late August. According to CoinDesk data, the token fell from $3.02 to $2.89 in a 24-hour span, with trading volumes surging above average levels. A wave of selling briefly pushed XRP down to $2.77 before buyers stepped in to defend key support near $2.85.
XRP was trading at around $2.84, up 1.08% in the last 24 hours at press time. Source: XRP price via Brave New Coin
Technical analysts note that the $2.77–$2.85 zone has become a crucial accumulation level. “If large buyers continue absorbing pressure at these levels, XRP could be setting the stage for a recovery,” market analyst Shaurya Malwa said. Oversold conditions, rising RSI levels, and tightening MACD signals also point to a possible bullish reversal.
Korean Buyers Step In
A significant development in the latest XRP news today is the surge of activity from Korean exchanges. Data shows that South Korean institutions absorbed nearly 16 million XRP—worth about $45.5 million—during the recent selloff. This indicates that regional demand is helping to stabilize the market.
South Korean exchange Upbit has seen a $45.5 million purchase of 16 million XRP, highlighting strong accumulation by institutional investors. Source: @xrpofficial24 via X
Historically, South Korea has been a major force in speculative crypto trading, with the so-called “Kimchi Premium” effect often influencing global prices. If Korean desks and institutions continue to accumulate XRP coin, it could provide the foundation for a stronger rally in September.
Ripple Adoption and Network Activity
Beyond price action, fundamentals around the XRP Ledger are also improving. Active addresses on the network rose by 20% in just three days ahead of the upcoming Decentralized Media launch scheduled for September 12.
Linklogis has partnered with the XRP Ledger to enhance global supply chain finance solutions. Source: Whale Insider via X
Meanwhile, Chinese fintech giant Linklogis announced its integration with the XRP Ledger for its trillion-dollar supply-chain financing platform—a move that boosted its equity by 23% and underscored Ripple’s growing enterprise adoption.
Such developments could help support long-term XRP predictions, especially as Ripple continues to expand partnerships in Asia.
Wider Market Pressure Weighs on XRP
However, not all signals are bullish. The broader crypto market has been under pressure as Bitcoin slipped to a seven-week low and Ethereum retreated following options expiries. Macro factors such as delayed Federal Reserve rate cuts and weakening global risk sentiment have also contributed to the downturn.
Despite XRP’s support, broader market pressures from Bitcoin’s decline, Ethereum’s pullback, and macroeconomic headwinds weigh on the crypto sector. Source: Sooeeni1985 on TradingView
On-chain data from CryptoQuant shows weakening fundamentals for XRP, with active addresses down to 24,000 from nearly 50,000 in July. Futures open interest has also declined sharply, dropping from $10.9 billion to $7.9 billion, reflecting reduced trader confidence.
XRP Price Prediction 2025: Can $5 Be Achieved?
Analysts remain divided on whether XRP prices can reach $5 in the near term. Some technical patterns, including symmetrical triangles and a broader cup-and-handle formation, suggest that a breakout could eventually push XRP toward the $5–$13 range. Short-term, however, the token must first reclaim resistance at $3.02 and $3.25.
XRP holds key support levels, signaling a potential breakout if Bitcoin confirms a market reversal. Source: CoinSight_VN on TradingView
For now, key support levels lie at $2.79 and $2.58. A confirmed break below these could reopen risks toward $2.43, while sustained accumulation above $2.85 would strengthen the case for an eventual rally.
Outlook: Will XRP Go Up?
The path forward will depend on whether accumulation from Korean buyers and enterprise adoption of the XRP Ledger outweigh the drag from macroeconomic headwinds. With speculation around a potential XRP ETF, traders will be closely watching September’s price action for signs of a breakout.
As of now, the XRP price forecast 2025 remains cautiously optimistic: XRP holds the potential to test $5, but much will depend on its ability to sustain demand at current support levels while navigating global market turbulence.
Source: https://bravenewcoin.com/insights/xrp-price-prediction-ripple-analysts-eye-5-as-korean-buyers-lead-global-xrp-accumulation