"XRP Outflows Surge on Korean Exchanges, Indicating a New Ripple Wave"

XRP Withdrawals Resuming: XRP withdrawals from Upbit, a major South Korean exchange, are increasing for the first time since 2023, indicating a shift in market behavior despite a recent price decline.

Market Dynamics in South Korea: South Korea remains a crucial market for XRP, with Upbit holding significant trading volume and XRP holdings, suggesting that the recent uptick in withdrawals may signal a repositioning among holders rather than a mass sell-off.

Emerging Trends: Although small withdrawal sizes dominate the current activity, the re-emergence of consistent outflows after a long period of subdued activity points to a potential new trend in how XRP is being managed on Korean exchanges.

Implications of Data: The analysis from CryptoQuant highlights that the increase in withdrawals, even amidst price pressure, suggests that market participants are beginning to reposition rather than exit the market entirely.