XRP bullish patterns point to $5 as Korean buyers start to accumulate

XRP saw a notable 4.3% drop, leading to Korean exchanges accumulating 16 million XRP, indicating robust institutional interest despite a weak market.

South Korea’s reputation in crypto trading could provide price stabilization for XRP, balancing selling pressure from retail investors with the accumulation from large wallets.

Investors are keeping an eye on critical support levels at 2.85-2.86 USD and resistance near 3.02 USD, with institutional flows likely driving XRP’s momentum into September.