📉 $XRP Exchange Supply Update
Supply of $XRP on Binance is shrinking rapidly.
On-chain data shows 700M+ XRP withdrawn from the exchange, pushing reserves to multi-month lows 🔒
🔍 What this means:
• Reduced sell-side liquidity
• Fewer tokens immediately available on exchanges
• Potential for stronger price reactions if demand increases
📈 Meanwhile, price action is heating up, with $XRP hovering near the $1.50 zone as market dynamics continue to shift.
Sources suggest exchange reserves may keep declining, which could tighten supply and amplify volatility if buying pressure persists.
⚠️ Always manage risk and monitor on-chain data closely.
Disclaimer: Not financial advice. DYOR.
XRP
1.497
-1.81%