Record XRP withdrawals from Upbit Exchange 20% Rally Odds
Korean traders are quickly pulling XRP exchanges, with signs of a whale of a flow seen before the previous rallies.
XRP (XRP) is down 10.5% in the past three days, but the decline is likely to be a typical breakout test in a broader bullish setup, coupled with more bullish activity on the Korean upbit exchange.
Main Receptors:
XRP bull flag breakout is underway.
XRP broke out of last week's bullish flag pattern and on Thursday pulled back the previous upper trend line as new support, a common move after a breakout.
Bull flags are formed in a descending channel following a strong rally when the price strengthens. Once price breaks above that channel, the old resistance usually becomes support on the retest.
For XRP, that key area is in the mid-$1.40s, also in line with the 20-day exponential moving average (20-day EMA, green line).
A hold above it will keep the flash intact and keep the bull flag upside target at $1.70–$1.72, or 20% above current levels.
XRP records withdrawal from Upbit
According to CryptoQuant data, XRP's bullish technical setup is in line with the bullish move on South Korea's Upbit.
Starting in December 2025, wallets in all coin sets permanently moved XRP from transactions, which immediately reduced selling pressure. This trend is usually associated with accumulation levels.
On-chain analyst CW pointed to a similar structure between 2021 and early 2023, when higher XRP outflows from Korean exchanges coincided with a broader rally.
That was before the rally, with XRP climbing from under $1 to over $3, a roughly 500% increase.
RELATED: XRP Holders Hit Record 7.7M: Will Next Price Break Above $1.60?
Upbit has been an active trading spot for XRP traders, often acting as a barometer to gauge retail sentiment. As of Thursday, XRP transactions were the fourth largest against South Korean Won (KRW) in a 24-hour rolling period.
XRP whale flows are a sign of renewed accumulation.
XRP's well movement is starting to support the bullish issue.
As of Thursday, the 90-day moving average for whales has turned positive after remaining negative for most of 2024 and early 2025, a period that has seen continued multiple selling.
Recent reversals suggest that whales may stop being classified as predatory and return to stock.
Historically, shifts from negative to positive whaling flows have occurred during early trend reversals and stock-led consolidations. This includes XRP rising to $3.55 from around $2.20 during April-September 2025.
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