XRP Price Movement: Consolidation and Breakout Indicators

XRP has been consolidating above key support levels in recent days, with technical indicators suggesting a potential 10% price increase. According to data from CryptoQuant, record outflows from Korean exchanges have been observed, which typically signal that holders are choosing custody over immediate sale.

This trend is being reinforced by whale positioning, as XRP's 90-day whale flow has turned positive after months of persistent selling. Historically, similar flips in whale flow have appeared during transitions from late-stage correction to early accumulation, often before broader price expansions.

The chart suggests that XRP may be moving out of its distribution phase and into a new accumulation range, with the next upside target near $1.61. This level aligns closely with the 0.382 Fibonacci retracement level on the chart, making it the next logical resistance zone for March.