On-chain metrics show a sharp decline in XRP held on major exchanges, a pattern often interpreted as bullish and consistent with accumulation by larger holders. Exchange reserves fell to 2,748,007,351 XRP today, down from 2,761,849,617 the previous day, according to CryptoQuant, suggesting selling pressure is easing and tokens are moving off exchanges into private wallets.
That outflow coincides with a modest 0.6% price gain over 24 hours, lifting XRP back above $1.37 per CoinGecko. Large withdrawals from exchanges are typically seen as accumulation and can set the stage for a supply shock that supports higher prices, including renewed bets on a move toward $2.
Institutional flows add to the bullish outlook. Crypto investment products recorded $224 million of inflows last week after a $414 million outflow the prior week. XRP led the weekly inflows with about $120 million—the strongest weekly figure since mid-December 2025—pushing its year-to-date inflows to $159 million, roughly 7% of assets under management.