XRP is flashing mixed signals — and the market is at a crossroads.
Reserves on major South Korean exchanges are dropping fast, a setup that closely mirrors the conditions seen just before XRP’s powerful late-2024 rally. At the same time, whale activity on the XRP Ledger has surged to a three-month high, suggesting large players are positioning behind the scenes.
But there’s a twist.
U.S. spot XRP ETFs just logged their first net outflow since launching in November 2025, with $40.8 million exiting in a single day. That move hints at a potential pause — or shift — in institutional conviction.
On one side, Korean retail pressure is tightening supply. On the other, ETF flows are losing momentum. These opposing forces leave XRP in a tense balance, where the next move could be decisive — not gradual.
This isn’t clarity. It’s compression.
