On-chain data indicate a notable decline in XRP held on major exchanges, a development often read as bullish and consistent with accumulation by larger holders. CryptoQuant shows exchange reserves fell to 2,748,007,351 XRP today from 2,761,849,617 the day before, implying reduced selling pressure as tokens move off platforms into private custody.
That outflow has coincided with a modest 0.6% price rise over 24 hours, pushing XRP back above $1.37 per CoinGecko. Large withdrawals from exchanges are typically interpreted as accumulation, which can constrain available supply and create conditions for a price squeeze — analysts say this dynamic can fuel renewed speculation about a push toward $2.
Institutional capital flows reinforce the bullish picture. Crypto investment products saw $224 million of inflows last week, reversing a $414 million outflow the prior week. XRP was the biggest beneficiary, drawing about $120 million in weekly inflows — its largest weekly intake since mid-December 2025 — bringing year-to-date inflows for the token to roughly $159 million, or about 7% of its assets under management.
Together, shrinking exchange balances and strengthening institutional demand suggest accumulation is underway. While risks remain, these on-chain and fund-flow signals are commonly viewed as supportive for higher prices if the trends persist.