Peter Smith
⬤ Over 149 million XRP tokens worth about $336 million left centralized exchanges in just one day, representing one of the biggest short-term drops in exchange balances this year. The chart shows a steep plunge in XRP reserves held on exchanges, while the price has held relatively steady around $2.30.
⬤ The withdrawal of 149 million XRP points to a significant shift toward self-custody or long-term holding. When exchange reserves fall, it typically reduces immediate selling pressure and available liquidity. The CryptoQuant chart confirms a sudden drop in reserves followed by stabilization, while XRP continues trading above $2 despite recent market volatility.
⬤ For investors, this kind of supply movement can influence market sentiment and price dynamics. The rapid removal of XRP from trading platforms may signal changing investor behavior—possibly more conviction among holders—and could affect how easily the token trades depending on how long the reduced supply lasts.
Peter Smith
