Major XRP Metric Points to Repeated Historical Rally – Here’s What’s Happening

A key on-chain metric for XRP has flipped after over two weeks of negative readings, pointing to a possible price rally. XRP’s exchange flows turned positive on May 8, breaking a 17-day streak of continuous outflows totaling over $426 million.

This shift comes as the broader crypto market begins to recover, with Bitcoin rising above $100,000 and Ethereum posting its most substantial single-day gain since May 2021. XRP experienced a 9.42 % increase in the last 24 hours, aligning with 26.38 million dollars worth of exchange inflow.

Also Read: $107 Million XRP Shifted in Two Hours – What is Going On?

As analyst Chad Steingraber notes, this pattern is a repeat of what happened between December 2024 and January 2025. In that earlier period, 14 consecutive days of XRP outflows preceded a reversal. A few moments later, the asset shot up by sixty percent from $2.05 to a peak of $3.29 in less than 18 days.

Steingraber had noted the similarity in trends as early as May 4, when outflows reached 14 days. With 17 days of outflows followed by inflows and a strong price response, market watchers are pointing to a possible repeat of that historical rally.

Korean Traders Signal Shift in Market Sentiment

XRP’s recovery is further supported by trading behavior in South Korea, where the asset enjoys strong demand. On May 8, data showed traders on Upbit purchased a net volume of nearly 10 million XRP.

Market analyst Dom revealed that Upbit traders had become the most aggressive XRP buyers globally within that 24-hour window.

This marks a reversal from the previous four weeks, during which Korean traders offloaded nearly $500 million of XRP. As Binance activity continues to lag, the rapid movement on Upbit indicates increasing demand for the XRP by retail investors in the region.

XRP is in a particularly favorable position as it posted gains alongside positive exchange flows and renewed regional demand on May 8, while altcoins across the board posted gains.

Analysts are very keenly tracking this key trend and pointed out that when this metric plunged from such a height last time, XRP made a big rally, and they are hoping for the same thing this time.

Conclusion

XRP’s latest exchange flow data shows a pattern consistent with a previous rally that delivered significant gains. With inflows replacing prolonged outflows and regional trading activity surging, analysts see the potential for history to repeat.

The coming days will be crucial in determining whether XRP follows the same upward path seen earlier this year.

Also Read: Internal Disagreement Rocks SEC Over Ripple Settlement – Will the Lawsuit Resurface?

The post Major XRP Metric Points to Repeated Historical Rally – Here’s What’s Happening appeared first on 36Crypto.