#Xrp🔥🔥 The spot XRP ETFs (like Franklin Templeton's) legally require issuers to purchase XRP only on open markets, not from Ripple's escrow. This has reduced the platform's reserves to several month lows (2.7 billion XRP on Binance), while the monthly unlocks from Ripple are mostly being re-deposited.

What this means:

ETF inflows (over $277 million in the XRPC ETF from Canary Capital since November 13) are absorbing the circulating supply at a faster rate than new tokens are entering the markets. CryptoQuant data shows that exchange balances have decreased by 12% since the approval of the ETFs, creating a structural scarcity that could intensify if demand persists.

What to note:

The new CME XRP futures (launching on December 15): sustained growth in open interest would confirm institutional participation.

2. Whale accumulation signals (Bullish impact)

Overview:

Wallets holding over 1B XRP added 150 million tokens ($330 million) since November 25, while the group of 10 to 100 million XRP acquired 970 million XRP ($2.13 billion) over the same period.

What this means:

Large holders are positioning themselves ahead of key events (Binance Blockchain Week from December 3 to 4, Fintech Abu Dhabi from December 8 to 11). Historically, whale concentrations around 2.10-2.20 $ have preceded rallies; a similar accumulation preceded the 70% increase in July.

3. Technical momentum (Mixed impact)

Summary:

XRP remains above its 7-day simple moving average (SMA) of $2.15 and the 50% Fibonacci retracement level ($2.21). The MACD histogram turned positive (+0.0208) on November 29, indicating bullish momentum.