The amount of XRP held on centralized exchanges has dropped sharply in recent days, creating a noticeable shift in the asset’s on-chain profile ahead of a major milestone for the cryptocurrency. Data shows that more than 149 million XRP, worth roughly $336 million, exited exchanges within a 24-hour window.
The size of the withdrawal in recent days, more than two percent of available exchange supply, marks one of the more notable single-day reductions seen in recent months and has raised questions about where the liquidity is going.
If the ETF goes live on schedule and draws meaningful capital, the reduced supply on exchanges may intensify price reactions. Whether this translates into a sustained price uptrend depends on how much demand the ETF launch ultimately generates.
