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XRP exchange outflows hit multi-year high, signaling tightening supply and potential price surge.

Market News
23 Apr 2026
Coinpaper
View Source
Bullish
pluang ai news

Evernorth reports a significant drop in XRP tokens held on exchanges, with over 7 billion XRP withdrawn in February, the largest outflow since 2025. This reduction in liquid supply, combined with steady accumulation by large and mid-sized holders, suggests growing long-term holding and reduced sell pressure. XRP's price is consolidating near $1.38-$1.42, a key range that could lead to a breakout toward $1.55-$1.72. Institutional improvements like Coinbase's upcoming Trade at Settlement feature may further support market stability and growth. Overall, shrinking exchange supply and rising demand point to a potential supply squeeze and heightened volatility ahead for XRP.

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