XRP Supply Shock: 430M Tokens Exit Exchanges as Price Targets $2.60

• XRP exchange balances plunged by 430 million tokens in eight days, signaling a liquidity squeeze.
• Analyst Egrag Crypto notes the monthly RSI is mirroring the setup preceding the 2017 bull run.
• Price action has rebounded from $1.96, with analysts eyeing a breakout above $2.60.

XRP is flashing a major “supply shock” signal after on-chain data revealed that exchange balances have plummeted by nearly 430 million tokens in just eight days. This massive withdrawal of liquid supply coincides with a sharp price rebound from key support at $1.96.

Analyst XrpArthur highlighted this scarcity dynamic when he noted how shrinking supply often acts as a price catalyst, especially when demand remains stable or rises.

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