Derived from Coinpedia, XRP exchange balances have fallen 45% in less than 60 days, dropping from 3.95 billion to 1.6 billion tokens. According to Glassnode, over 1 billion XRP tokens have moved off exchanges in three weeks, signaling a shift toward long-term holdings and institutional custody. Despite the supply drop, XRP's price has remained largely unchanged near $2.05, consolidating within a symmetrical triangle pattern. Analysts suggest a potential breakout could follow, with a move above $2.12 potentially triggering a rally, while a drop below $2.00 may lead to short-term weakness.
XRP Exchange Balances Drop 45% as Institutional Activity Rises
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