XRP's Supply is Decreasing (On-Chain Data Confirms)
✅ Investors are locking XRP in cold wallets.
✅ There's up to a 90% chance of XRP ETF approval.
📉 Supply is shrinking
📈 Demand is surging
Is an XRP Supply Shock Imminent? It Might Soon Disappear from Exchanges!
XRP, the fourth-largest cryptocurrency, once peaked at $3.38 and is currently trading around $2.14. Some view this dip as a warning sign, while others believe it's the calm before the storm.
If a significant supply shock is indeed approaching, acquiring XRP from exchanges could become increasingly difficult in the near future.
Time to Buy and Hold
Top analyst Aduino Fina from Alpha Lions Academy suggests that XRP is heading towards a major supply shock. This implies that even large institutions might struggle to purchase substantial amounts.
Here's Why:
Each XRP transaction burns a small amount (0.00001 XRP) permanently.
Binance's XRP reserves have decreased from 2.94 billion in January to 2.86 billion now—a reduction of 82 million XRP.
Investors are withdrawing XRP to cold wallets for long-term holding.
XRP is Quietly Leaving Exchanges
Since January, over 183 million XRP have been withdrawn from Binance alone.
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Note: The current price of XRP is $2.23, with a slight increase of 0.04000 (1.83%) from the previous close. The intraday high is $2.28, and the low is $2.19.
Let me know if you'd like further information or analysis on XRP's market trends.
