XRP’s recent price decline may represent a typical technical retest following a breakout from a bullish pattern, according to trading chart analysis. Concurrently, data indicates South Korean traders are withdrawing XRP from exchanges at a record pace, and whale activity suggests a shift from selling to accumulation, echoing patterns seen before previous rallies.
XRP’s price has declined approximately 10.5% over three days, potentially signaling a retest of support after a breakout from a bull flag pattern. This common technical behavior aligns with a surge in withdrawal activity from Upbit, a major South Korean exchange.
The cryptocurrency broke out of its downward-sloping consolidation channel last week and is now testing the former upper trendline near the mid-$1.40s as new support. Holding above this area could keep the bullish setup intact, with a technical target near $1.70–$1.72.
According to CryptoQuant data, wallets across nearly all size cohorts have steadily moved XRP off exchanges since December 2025. An on-chain analyst pointed to a similar structure between 2021 and early 2023, when elevated withdrawals coincided with accumulation and preceded a sharp rally from below $1 to above $3.
Furthermore, the 90-day average whale flow for XRP has turned positive after a prolonged period of negative flow, suggesting large holders may be shifting from distribution to accumulation. Historically, such reversals have occurred during early stages of trend reversals, including during a significant price increase from approximately $2.20 to $3.55 between April and September 2025.
