XRP’s Supply Squeeze: Why Fewer Tokens on Exchanges Matters

[johnblockbuster]

XRP is showing a structural shift under the surface. On-chain data from Glassnode reveals that XRP balances on exchanges have dropped to levels last seen in 2018, signaling a sharp reduction in immediate sell pressure. Over the past two months alone, more than 2 billion XRP have been withdrawn from exchanges.

This kind of supply contraction is often associated with accumulation rather than distribution. Large holders moving XRP into cold storage or long-term vehicles suggest growing confidence that prices are undervalued at current levels — a setup that historically precedes stronger price discovery phases.

[etfs]

2b xrp leaving exchanges feels like someone is positioning quietly