XRP has dropped roughly 10.5% over the past three days, but that decline may simply be a retest after a recent bull-flag breakout. Last week XRP broke out of a downward-sloping consolidation and has pulled back toward the former upper trendline, a common move that verifies the breakout if the level holds.
That support area sits around the mid-$1.40s and lines up with the 20-day exponential moving average (20-day EMA). Maintaining that zone would keep the bull-flag pattern valid and preserve an upside target near $1.70–$1.72, about 20% above current prices.
On-chain metrics add weight to the bullish case. CryptoQuant data show wallets of nearly all sizes have been withdrawing XRP from exchanges since December 2025, which reduces immediate sell pressure and is characteristic of accumulation. CryptoQuant analyst CW noted parallels with the 2021–early 2023 period, when elevated withdrawals from Korean exchanges accompanied accumulation that preceded a substantial rally (XRP moved from under $1 to above $3).
Upbit remains a key venue for XRP trading and a useful retail sentiment gauge; XRP/KRW ranked as the fourth-largest market by 24-hour volume at the time of reporting. Large-holder behavior also looks healthier: the 90-day average whale flow has turned positive after a prolonged stretch of negative flows in 2024 and early 2025. That shift suggests whales are cutting back on distribution and may be returning to accumulation—patterns that have shown up during prior trend reversals and consolidation-led rallies, including the April–September 2025 rise from about $2.20 to $3.55.
If XRP holds the mid-$1.40s support and withdrawals plus improving whale flows continue, the technical setup and on-chain signals point to an increased probability of a roughly 20% move toward $1.70–$1.72.
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