XRP’s Bullish Trajectory: Analysts Maintain $5 Target Despite Market Volatility

Despite recent market turbulence, XRP's potential to reach $5 remains a key focus for investors and analysts. The cryptocurrency has shown resilience amidst sharp price fluctuations, with its recovery above $3 being tested by persistent selling pressure. While short-term predictions have been adjusted, some analysts, including More Crypto Online, view the current retracement as a corrective wave, suggesting that XRP's long-term bullish trajectory remains intact. As of August 8, 2025, the market continues to watch XRP's movements closely, with many anticipating a breakthrough toward higher price targets.

XRP Price Eyes $5 Target Amid Market Volatility

XRP's journey to $5 remains a focal point despite recent market turbulence. The cryptocurrency has experienced sharp fluctuations, with its recovery above $3 appearing fragile as selling pressure persists. Analysts have adjusted short-term predictions, but one standout forecast maintains that XRP's bullish trajectory is intact.

More crypto Online, a prominent analyst, identifies the current retracement as a corrective wave—specifically wave 4 of a broader impulse pattern. Support has solidified near $2.60, and with the third wave now complete, upside potential appears credible. Market participants are closely watching whether the decline remains corrective or signals a deeper reversal.

South Korean Institutional Custodian BDACS Adds XRP Support in Partnership with Ripple

BDACS, a licensed cryptocurrency custodian serving South Korea's institutional investors, has officially launched XRP custody services. The move marks the first tangible outcome of its February 2024 collaboration with Ripple and leverages Ripple's institutional-grade custody platform.

XRP ranks among South Korea's most widely held digital assets. BDACS's integration with major local exchanges Upbit, Coinone, and Korbit now provides seamless institutional access to XRP liquidity. The custodian emphasizes this development aligns with South Korea's regulatory framework for digital assets under the Financial Services Commission.

The partnership extends beyond custody, with BDACS committing to drive innovation on the XRP Ledger. Tokenization and stablecoin applications—including Ripple's enterprise-focused RLUSD—stand as priority development areas. This institutional push coincides with projections that crypto custody could safeguard $16 trillion in assets by 2030.

Why Is Ripple’s (XRP) Price Down Today?

Ripple’s native token XRP faced a sharp rejection at $3.1, plummeting over 6% to $2.9 within hours. The drop contrasts with recent positive adoption developments, leaving traders questioning the sudden bearish turn.

Monthly charts reveal a dramatic mid-July surge where XRP shattered its $2.2-$2.3 consolidation, peaking at a historic $3.6. The euphoria proved short-lived as whales began offloading positions, triggering a cascade to $2.73 last week. Yesterday’s brief rally to $3.1 reignited bullish hopes before another swift reversal.

Market-wide stagnation weighs heavily on XRP. The token’s 4% daily deficit mirrors broader crypto weakness, suggesting macroeconomic factors may be overriding Ripple-specific fundamentals. Technical indicators now show $3 acting as stubborn resistance rather than support.

XRP Price Dips Amidst Rising Volume as Traders Reposition

Ripple's XRP fell 2.45% to $2.96, extending its retreat from $3.03 as trading volume surged 4.48% to $5.79 billion. The divergence suggests profit-taking or strategic repositioning ahead of the next market move.

The token remains up 5.38% for the week, maintaining a $175 billion market cap. Meanwhile, Pump.fun and Mantle led gainers while Bonk and Toncoin underperformed in the broader market.

Market dynamics continue to favor assets with strong fundamentals and exchange support, as new listings typically deepen liquidity and drive adoption. Security incidents, however, remain a persistent threat to investor confidence.

XRP Faces Potential Deeper Correction Amid Bearish Signals

Crypto analyst Ali Martinez warns of a prolonged downturn for XRP, citing multiple bearish indicators. A Tom DeMark Sequential sell signal triggered the current pullback, with $2.40 emerging as a critical support level. Historical data suggests $2.80 offers only temporary relief, while substantial demand lies below $2.48.

Whale activity compounds the selling pressure, with over 720 million XRP reportedly offloaded recently. The $3.00 level—once reliable support—now shows vulnerability as market structure weakens. Martinez's analysis highlights the convergence of technical, on-chain, and behavioral factors driving the corrective phase.

Find Mining Launches XRP Cloud Mining Solution Amid Market Volatility

Find Mining has introduced a cloud mining service tailored for XRP holders, offering a hedge against the token's price volatility. The platform enables users to generate stable daily income from idle XRP holdings without selling assets, settling returns in USD for predictability.

XRP's recent struggles to hold key support levels below $3 have left many investors hesitant. This solution provides an alternative to capitulation, transforming stagnant holdings into productive assets through automated cloud mining infrastructure.

The 2018-founded platform emphasizes regulatory compliance and transparency, having undergone multinational security audits. Its zero-threshold approach requires no technical expertise or hardware—just digital asset allocation to green energy mining farms with real-time earnings tracking.