Record XRP Withdrawals From Upbit Exchange Boost 20% Rally Odds

XRP has fallen about 10.5% over the past three days, but the move may be a routine retest after a bull flag breakout. The token broke out of a downward-sloping consolidation last week and pulled back to retest the former upper trendline as new support, a common post-breakout behavior.

That support sits around the mid-$1.40s and aligns with the 20-day EMA; holding above it would keep an upside target near $1.70–$1.72, roughly 20% higher. Withdrawal activity on South Korea’s Upbit has surged, with wallets across nearly all size cohorts moving XRP off exchanges since December 2025.

CryptoQuant data shows these outflows have reduced immediate sell pressure, a pattern often linked to accumulation phases. Upbit remains an active venue for XRP trading, with KRW pairs among the largest 24-hour volumes. On-chain analyst CW noted a similar structure in 2021–early 2023, when elevated withdrawals from Korean exchanges coincided with accumulation that preceded a sharp rally; XRP rose from below $1 to above $3 during that period.

South Korea

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