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XRP withdrawals reduce exchange supply but weak spot demand limits price recovery potential

Market News
23 Jul 2026
AMBCrypto
View Source
Neutral
XRP withdrawals reduce exchange supply but weak spot demand limits price recovery potential

XRP wallet withdrawals have surpassed deposits, leading to a decline in total wallets and reducing XRP supply on exchanges like Coinbase and Binance. Despite this tightening supply, spot market demand remains weak, preventing a confirmed sustained price recovery. Whale accumulation and steady derivatives activity suggest cautious optimism, but stronger spot buying is needed for further price gains. The market awaits more robust buying pressure to support XRP's recovery beyond just shrinking exchange reserves.

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