A key on-chain metric for XRP has flipped, pointing toward a potential price rally after a prolonged period of outflows. Starting May 8th, XRP’s exchange flows shifted from negative to positive, signaling the end of a 17-day streak of outflows totaling over $426 million. This change coincides with a resurgence in the broader crypto market, where Bitcoin has broken past $100,000 and Ethereum experienced its largest single-day gain since May 2021. XRP’s price surged by 9.42% in just 24 hours, matching the inflow of $26.38 million into the asset. Analyst Chad Steingraber highlights that this pattern is reminiscent of a similar historical rally between December 2024 and January 2025, where XRP outflows preceded a significant price surge. This time around, analysts are observing a similar trend as they saw 17 days of continuous outflows followed by inflows on May 8th. Korean traders have also signaled a shift in market sentiment with strong demand for XRP driving purchases on Upbit, the largest exchange in South Korea, with nearly 10 million XRP being traded within 24 hours on that date.