diff --git a/src/Data/Repositories/WalletWithdrawalRequestRepository.cs b/src/Data/Repositories/WalletWithdrawalRequestRepository.cs
index 919102be..9f2a2079 100644
--- a/src/Data/Repositories/WalletWithdrawalRequestRepository.cs
+++ b/src/Data/Repositories/WalletWithdrawalRequestRepository.cs
@@ -82,7 +82,16 @@ public async Task<List<WalletWithdrawalRequest>> GetByReferenceIds(List<string>
         {
             await using var applicationDbContext = await _dbContextFactory.CreateDbContextAsync();
 
-            return await applicationDbContext.WalletWithdrawalRequests.Where(wr => !string.IsNullOrEmpty(wr.ReferenceId) && referenceIds.Contains(wr.ReferenceId)).ToListAsync();
+            // RBF replacements inherit the reference id of the request they replace, so a reference id can match a whole
+            // chain of requests. Only the latest one of each chain reflects the current status of the withdrawal.
+            var requests = await applicationDbContext.WalletWithdrawalRequests
+                .Where(wr => !string.IsNullOrEmpty(wr.ReferenceId) && referenceIds.Contains(wr.ReferenceId))
+                .ToListAsync();
+
+            return requests
+                .GroupBy(wr => wr.ReferenceId!)
+                .Select(g => g.OrderByDescending(wr => wr.Id).First())
+                .ToList();
         }
 
         public async Task<WalletWithdrawalRequest?> GetByTxHash(string txHash)
diff --git a/src/Services/WithdrawalRequestService.cs b/src/Services/WithdrawalRequestService.cs
index 498c4d5e..5491f291 100644
--- a/src/Services/WithdrawalRequestService.cs
+++ b/src/Services/WithdrawalRequestService.cs
@@ -244,6 +244,8 @@ private async Task<WalletWithdrawalRequest> CreateReplacementAsync(int originalR
             CustomFeeRate = newFeeRate,
             UserRequestorId = original.UserRequestorId,
             RequestMetadata = original.RequestMetadata,
+            // The replacement represents the same external request, so callers can keep tracking it by reference id.
+            ReferenceId = original.ReferenceId,
             BumpingWalletWithdrawalRequestId = original.Id,
             IsRbfCancellation = cancellation,
             WalletId = original.WalletId,