XRP Supply on Exchanges Hits 7-Year Low: What It Means
XRP supply on exchanges has hit a significant milestone, plummeting to a historic low of just 1.6 billion tokens, down from a staggering 3.76 billion, as noted by Cointelegraph.This substantial drop reflects shifting dynamics within the cryptocurrency market, indicating that traders are increasingly opting to hold onto their XRP rather than trading them actively.
XRP Supply Situation: Impact on Future Price Movements
The XRP supply situation is attracting significant attention amidst the evolving crypto landscape, particularly as millions of tokens are being secured in cold storage for upcoming investment products.This ongoing trend, notably influenced by XRP ETF developments, is resulting in a noticeable decrease in the available circulating supply.