XRP News Update: South Korean Investors Fuel Massive XRP Rally

Key Insights:

• The latest XRP news reveals that 14 million tokens have been withdrawn from the South Korean crypto platform Upbit, indicating potential accumulation.
• $68 million worth of XRP left the exchanges over the past 48 hours.
• The recent rally appears to be heavily influenced by South Korean investors and institutions.

The latest XRP news is garnering massive attention from investors and traders, as evidenced by the intense accumulation of tokens. Additionally, the recent XRP rally appears to be potentially driven by South Korean crypto enthusiasts.

XRP News: 14 Million Tokens Withdrawn from South Korean Exchange Upbit

On July 14, 2025, a well-followed crypto expert shared a post on X (formerly Twitter), stating that 1 million XRP tokens are leaving the Upbit exchange, a South Korean crypto platform, every hour. This suggests that either investors from Korea or institutions are heavily accumulating the tokens.

Not just that, the post further reveals that over 14 million XRP tokens have been withdrawn from the exchange over the past 12 hours. It might be the reason behind the recent rally in XRP tokens.

This intense outflow of XRP tokens from Upbit hints that something big is happening, as the expert noted in the post. He further explained that less XRP on exchanges means reduced availability for retail investors. That could lead to an incoming price surge.

Current Price Momentum and $68 million of XRP Outflow

Following this XRP news, the asset’s price soared impressively, but now appears to be cooling off.

At press time, XRP was priced at $2.87, having lost 2.30% of its value over the past 24 hours. During this period, investor and trader participation skyrocketed as they appeared to be taking advantage of the price correction.

Data from CoinMarketCap revealed that XRP’s trading volume increased by an impressive 55% in the past 24 hours.

Amid this potential price correction, not only South Korean investors but also investors across the globe have shown strong interest in the token. They appeared to be accumulating and seizing the XRP price dip.

Data from the on-chain analytics firm CoinGlass showed that exchanges across the crypto landscape have recorded a significant $68 million worth of XRP token outflows.

This substantial outflow in the current market structure suggests potential accumulation and could reduce selling pressure while increasing buying pressure.

XRP Technical Analysis and Price Prediction

According to expert technical analysis, XRP appears bullish. After six consecutive green candles, the asset has paused its upside momentum and seems to be entering a correction phase.

As per the daily chart, XRP was hovering between the support and resistance levels of $2.60 and $3.20 at press time. The asset could move in either direction depending on Bitcoin’s influence.

Based on recent price action and historical price momentum, if the current market sentiment continues, XRP price could see a dip. Thus, it may reach the $2.60 level to retest the breakout level.

On the other hand, if the correction ends and the upside momentum continues, there is a strong possibility that the asset could soar another 15% and may reach the $3.20 level in the near future.

At press time, XRP was in an uptrend, which appeared to be a bullish sign for token holders. Meanwhile, the ongoing correction was potentially occurring as XRP’s Relative Strength Index (RSI) entered the overbought territory.

Considering all these factors over the past 24 hours, it seems that South Korean holders, along with global investors, are actively participating in XRP accumulation, which is a bullish sign for the asset. When this metric is combined with price action, it suggests that bulls are currently dominating XRP news.

Disclaimer

This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.