XRP is consolidating above a key support level as record KSE outflows and improving whale flows revive the case for another breakout in March.
XRP’s ascending triangle indicates the March target of $1.61
XRP is attempting to form an ascending triangle on the 4-hour chart, a pattern that typically develops when buyers step in at higher levels while overall resistance remains relatively flat.
The setup was developed after XRP’s sharp rise from February lows near $1.12. Since then, the symbol has made a series of higher lows, with support now rising towards the $1.42-$1.45 area. At the same time, the price continues to press against the horizontal resistance band near $1.50-$1.52.
This combination reflects ongoing buying pressure.
XRP is currently trading near the 0.236 Fibonacci retracement level near $1,425, while the 20, 50, 100, and 200 period EMAs are starting to pressure around the current price. Such a rally is often preceded by an expansion of volatility, especially when combined with a tight price structure.
A confirmed break above the upper border of the triangle would put the next upside target near $1.61, or about 10% above current levels. This target is closely aligned with the 0.382 Fibonacci retracement level on the chart, making it the next logical resistance area for March.
The bullish case remains in effect as long as XRP remains above the ascending trend line support. A break below this level will weaken the immediate breakout setup and shift focus back towards the $1.38 area.
Korean currency withdrawals hit record numbers as whale flows turn positive
The technical setup is supported by cross-chain behavior, particularly in South Korea, where traders are moving XRP off exchanges at a record pace, according to the data source. Cryptoquant.
Large withdrawals from Korean trading platforms usually indicate one thing: holders are choosing custody over spot selling. In terms of market structure, this reduces the readily available exchange supply and reduces short-term selling pressure. When this occurs during a consolidation phase rather than during an euphoric peak, it often indicates accumulation rather than distribution.
This trend is now being reinforced by whale locating.
The 90-day XRP whale flow has turned positive after months of continuous selling, suggesting that large holders are no longer distributing into the rallies and may be quietly rebuilding exposure. Historically, similar fluctuations in whale flow have appeared during transitions from late correction to early accumulation, often before broader price expansions.
This shift is important because it indicates alignment between two important groups: Korean spot traders who are pulling supply from the market and whales who are sucking up XRP in the background.
Together, these signals support the view that XRP may move from a distribution phase into a new accumulation range. If this process continues and buyers force a clear break above $1.52, the chart indicates $1.61 next.
