XRP has surged past the key resistance zone of $3.20 as its market momentum intensifies, with South Korea’s Korbit exchange transferring nearly 10 million XRP in a single bold move.
XRP Hits the Psychological Price of $3.25
As XRP rebounds from the neckline of a 7-year double bottom pattern, the 3rd-largest cryptocurrency continues to find the right footing after breaching the psychological prices of $3.0, $3.10, and $3.20.
As a result, XRP is trading at $3.27, representing a 33.7% weekly increase, according to CoinGecko data.
Market analyst Amina Chattha had previously opined that an inverse head & shoulders breakout was igniting XRP’s bullish momentum persists.
Source: Amina Chattha
Based on this analysis, XRP might be eyeing $3.50 next, which will see it record a new all-time high since the present one stands at $3.40.
Therefore, XRP's climb to $3.27 is no flash in the pan, it’s the product of leveraging exchange-traded fund (ETF) hype, real‑world utility, technical breakout, regulatory clarity, and macro bullishness. Together, these forces have turned XRP's price zone into a psychological battleground.
For instance, market attention has focused on the planned debut of the ProShares UXRP, a leveraged 2× XRP futures ETF. Anticipation around UXRP has already injected significant speculative momentum into XRP’s price.
Leveraged instruments tend to amplify both trading volume and volatility, creating the conditions for sharp short‑term upside. Crypto analysts are positioning for further upside as traders stack leverage into momentum phases.
Beyond crypto hype, XRP is benefiting from a broader wave of institutional interest. Grayscale recently added XRP to its Digital Large Cap Fund, marking a watershed in institutional acceptance.
Additionally, the U.S. House’s movement on crypto bills, such as the GENIUS and CLARITY Acts, is shaping a friendlier regulatory environment that supports Ripple’s stablecoin strategy and separates XRP from SEC constraints.
Korbit Makes a Bold XRP Move
According to digital strategist John Squire, “9,999,999 XRP transferred. South Korea’s top exchange Korbit just moved nearly 10 MILLION XRP in one shot.”
Source: XRPSCAN
Korbit’s move, devoid of any stablecoins or fiat conversions, has sparked buzz ranging from strategic reallocation to market signaling.
Transferring nearly 10 million XRP without converting to taker assets hints that Korbit isn’t unloading its XRP exposure. This quiet accumulation or redistribution can be seen as a signal of confidence in the asset, as opposed to washing out their holdings.
Notably, large transfers like this typically stem from internal ledger reorganizations, such as consolidating hot and cold wallets, adjusting liquidity pools, or preparing for custodial updates.
Analysts argue it’s a routine yet significant operational move, indicating active liquidity management by Korbit.
Conclusion
Korbit’s near 10 million XRP transfer is more than a mere internal shuffle, it’s a potential bellwether. It showcases operational strength, underscores market confidence, and syncs with an ecosystem abuzz about XRP’s future.
As the XRP community watches for further on-chain signals, this move could mark an understated yet impactful milestone in the asset’s bullish narrative.
For instance, fingers are crossed for the XRP Army as to whether the altcoin will soar to a new ATH in the course of this month as bulls continue holding the psychological price of $3.25.
