$XRP exchange supply has dropped nearly 90%, leaving just 100M tokens available on platforms like Coinbase. That alone is significant.

Current futures-based $XRP ETFs hold $240M but never buy actual tokens. Spot ETFs change the game entirely. Every share requires real XRP purchased and locked in custody.

Key numbers:

- 90% exchange supply reduction

- 100M tokens remaining

- $240M in current futures ETFs

- Billions in potential institutional inflows

When billions meet 100M tokens, the math speaks for itself.

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